Quote from @TJ Dittmar: @Jaycee Greene not quite that high I'm seeing comps in that area averaging $1300@TJ Dittmar, got it.

However, due to high property costs in our local market, we have been exploring opportunities in more affordable states, including Texas, Pennsylvania, Michigan, and Ohio.

I’m passionate about the senior living industry and providing a high-quality environment for residents.

Hi AllI'm in Goergia and trying to find the best lenders offering high LTV on primary residence as well as investment properties.

I would highly recommend finding a lender that does 10% of purchase price down because it will ultimately be less expensive for you.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

They have come to me about buying the home but I have a collection account about to fall off my credit in a few months so I am not sure I would qualify (in addition to my income may not be high enough).Are there any workarounds to maybe purchasing the home?

It is a great market but highly recommend partnering with an agent who knows the market and has experience dealing with investors as location is key. 

I highly recommend starting with a basic househack, easy barrier to entry and gives you a crash course in being a landlord who lives on site.

But my other unit is less than a mile away with three units and it costs $100 a month for those three.it’s absurdly high.