Many other investors have asked themselves (and others this question) but what I believe it ultimately comes down to is what are your goals (how much money you'd like to make), are you physically able to manage it yourself and do you have the right organization and systems in place to do it on your own. 

I’d love to hear about your goals and what you’re hoping to achieve here.

What is the audience and goal of the marketing plan?

What are your investment goals? 

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

I suggest that you set clear goals and determine the types of properties you wish to pursue.

Check out this podcast from BP, with Dave Meyer and Chris Clothier from Nov.we work with clients all the time in your situation and can help strategize your portfolio to reach your 10-15 year goals!

Think big, but have a plan to match your most ambitious goals and stick with it.

That can help narrow down the best neighborhoods for your investment goals.

If your goal is to rent the property post-renovation, you might pair a DSCR loan with a short-term hard money or fix-and-flip loan to cover the rehab costs.