So still trying to figure out how this is racism as the OP is suggesting?

(Fact is that I have even met many local Metro Detroit  investors who wont touch inner city Detroit either - and they are over there on the ground.)The particular thread you are referring to where I said "Run" - the out of state OP was asking for an opinion on an  MF deal they had been offered in Detroit.

Only one way to find out I guess, and the OP could always revert to a regular STR if the corporate gig doesn't work.....

It's spring, people are still buying, the OP's debt ratio doesn't work, he has more than 100K in equity and a balloon due in less than 8 months. 

rather than "is X a good idea for OP?"

@Konstantin GinzburgThe OP has not clarified, but from the nature of the post, I am making a presumption that they want to get the grandmother qualified for (Federal) Medicaid.  

Actually, in NYC the conversion is from apartments to co ops, not to condos.  

Somehow I don't think the OP made 22% COC return or even close to it.  

Tread lightly here, you could get yourself into an age discrimination case pretty quick...To the OP, I had a something similar happen when a disabled vet I was leasing to was arrested on suspicion of DUI.

OP needs to be aware of potential CA Form 568 and CA $800 LLC tax exposure on an Alabama LLC if any managing-members are California residents.Best to talk to your tax CPA/EA and attorney OP.