It can make leasing a bit harder since you will have more vacancy when those come do but it will all be in peak season.With respect to the hiring decision, you would need to hire someone to replace you (perform the same functions you currently perform) so that you continue to work up the ladder (spending more time on higher value tasks).  

There is steady supply of renters, "guaranteed" rent and the organization wants to continue to partner.

First step for you is to study investing in income properties.Generally a rental property will have in the range of 4% -50% of rental income going toward expenses to maintain the investment before debt repayment (mortgage). 

It will likely still continue being a difficulty.You mentioned bills, are they credit card bills?

You increase the likelihood that you continue to receive that $8,500 each month. 

Set up a Joint account with the seller so you can make deposits to continue the automatic payments to the lender until you refinance the property.Thanks,Dustin

Charleston, South Carolina's housing market continues to exhibit growth and competitiveness.

I take the money and repay it in 10 months a few times.

Upon further investigation, I found several more properties under similar circumstances.At first glance, it seems possible that these properties were either gifted to the nursing home by former residents or claimed as repayment for services rendered.I’m new to real estate investing, I’ve been in the education phase for the past 2-3 years.

This trend has continued since 2024, and buyers absolutely love them.