Great job turning your condo into a cash flowing asset! 

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 Purchased off-market from a tired landlord, this fix-and-flip involved renovating a distressed property with outdated features and deferred maintenance.

Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

@Matt Tortora For cash flow? 

If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company.

My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

and are you looking to walk away with cash or simply refinance (meaning paying off) what you owe? 

The price points do make it hard to cash flow even with the lower interest rate subject tos. 

I use that cash to scale up and buy more cash flowing houses with zero $ out of pocket.