If it's short term, CD's are probably still the best. 

If they make 3k a month, you'll probably top out at 1k for rent.Also, go on apartments.com and zillow and see what the competition is charging.

It's probably one of the most underrated ways to learn and eventually become an investor yourself.

As you probably know from also living in the area, values can change dramatically from block to block, so it might matter most how you feel about the outlook for the specific area it's located in.

If you just have one rental you can probably get by with generic tax filing software.

Just like most places, there are a few warzones in Springfield (not terrible, but I also wouldn't walk around there at night) that probably aren't going to be worth your time or money. 

The biggest hurdle I see with arbitrage is developing a pitch to use when approaching landlords, which you can probably do with a little research on BP and ChatGPT.

Assuming you go the DSCR route, your mortgage payment will probably be more like $19k at least...but your loan is using an 80% LTV, which is higher than most lenders I work with, I usually see 75% LTV.Sorry to be peppering you with numbers, but depending on what you're looking for in return, this appears to be a very marginal deal.

Probably starting out small Jaycee - SF or maybe some smaller duplex type properties.

You don't want to get stuck with negative cash-flow because you can't find another care facility tenant to rent it.Also, probably want to check with your insurance provider and see if all those tenants who are likely to fall and break a hip are going to be an issue for them, and look into the legality of what happens in the care facility owner dies and you're stuck with 5-8 tenants in the home with no one to care for them and no living descendants.