Also, I see that setting it up as a private mortgage is an option as well?

Do all your due diligence upfront (see if you can get an inspection done before submitting an offer)On the lending side a DSCR loan is an option.

You don’t have to splurge on the most expensive option, but solid, stylish floors make a huge difference in value and appeal.🔹 Step 31: Cabinets – Function Meets StyleNext up, let’s bring some character and function into the kitchen and bathrooms with fresh cabinets.✅ Install kitchen cabinets – Keep the layout efficient and practical.

Another option would be to connect with the hospital's administrative offices, as they may have partnerships with local landlords for these types of accommodations.Regarding utilities, in mid-term rental situations, it varies.

@Dustin Sanders We have a couple of options that can still do a 15% on DSCR, but as Stephenie eluded to above, everything else has to sort of line up in a perfect scenario to make it work.

Voluntary compliance may be the safest path forward, but every business must weigh its options carefully.To learn more, visit FinCEN’s official Beneficial Ownership Information page: www.fincen.gov/boiDon’t wait for last-minute surprises. 

@Ryan Prichard one of the better options out there that can handle commercial properties, for what I'd consider a "low cost" platform is Hemlane. 

Quote from @William Weston: That would be an option but I have not seen multiple family homes that are big enough for a family of 5.

No matter what you will or the tenant will need to pay a fee of some sort but I have found innago as the best option that is the lowest cost.

It would be our preference to invest in upstate NY because we could drive there relatively easily, but if there are better deals elsewhere, we would be more inclined to go with option (1).