Also I dont know the state of the house ie is it completely derelict and trashed or what not, as previously stated i dont care about the house, just the land.

This is the list to not invest in without extreme careful attention to detail.Don't go where the masses are going.

Greetings BP community, I recently joined a national senior care living development team.

One small tip: keep your communication channels clear and open with your property manager.

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

I have learned once again, No one cares about your properties like you do.

PRO TIP: Some counties will work with you as the new "owner" on code violations.

The sheer complexity of this matter alone is enough to illustrate the problem, but this is just the tip of the iceberg.

Any tips you could give me on this in terms of viability?

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.