Its good, didn't need a full remodel and tenant stays there 1 day a week because she travels for work.Now I am ready to pull my equity out, move onto the next project.

Traveling professors and medical professionals would probably be my target avatars.I am biased though toward MTR as a strategy, and it's not without risk to spend a couple grand converting an empty LTR into an MTR, so consider all of your options carefully.

It can be a very good passive income even if I have to figure in my traveling cost against the 20%.

Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).  

If you travel to another state, you can make a post, find a Subto member in that city and feel right at home.

Even if you have to travel a couple of hours, you have a much better chance of finding someone.How to approach a mentorOnce you've found a likely candidate, it's time to reach out and ask.

The price per sqft is very high for an office built out for medical use.. however, there is an in place tenant paying strong rent with 3% increases for 10 years (close to 7% cap, NNN)What I don't understand is why the tenant agreed to pay close to 2X market comps in rent in price per sqft per year for this facility.

It will take travel and many hours on the phone to find the right team in what ever area you decide to invest. 

And if my credit hadn't been good enough, they could have charged me twice that much.I had to have enough money to travel back and forth to interviews with the property manager, and the housing authority interviews, too.So, my point is that - you can be really picky, even if you agree to accept Section 8 tenants.But, if your property is the type of property where nobody in their right minds would rent it - unless they had absolutely no other options - then don't buy that property in the first place.If it's too late for the above, then try to be super picky.

Gino Our major presence is in one market.We have an in-house Construction Arm that travels to between our main market and some satellite markets.We build and vet property management teams in Satellite markets before taking down deals there.