Like anything else, there is effort that you have to put in. 

Something else?

Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation.

Is there something else that I'm missing?

Midwest has inflated over the past 5 years (as everywhere else), indexed to cost of new construction.

It's encouraging to see someone else in the same boat.I also live in Washington and have been thinking about establishing a community investment group.

Has anyone else worked with the Rent to Retirement community?

and if it's sitting, and you see it, it means everyone else passed on it. 

More work upfront, but maybe easier to scale later.Lastly, if you didn't own your property today, but you had the money in cash, would you buy it with that money or would you buy something else?

How are they better operators then everyone else in that space?