Hello everyone,I am new to real estate and am currently trying get my hands on my first deal, however, I am torn between two pathways.

There is new hvac and some upgrades done to the assistant living facility , it’s just the person who owned the place passed and the family doesn’t want to continue running it.

I have heard mixed responses on whether to charge both first and last month’s rent and a security deposit, or just first or last month’s rent and security deposit.

It's not really a new person thing IMO, but something that requires less capital expenditure.

There is some % of people who will sell at any price, maybe to get in a new home, maybe to sell a probate home, or get out of some kind of distress.

Also have a low interest mortgage (less than 3%), 43K annual NOI, potential equity of 600K and since owning it for almost 20yrs have never had any issues renting out any of the units [longest turnover was 2 weeks to find a new tenant]. 

It's extremely inconvenient for both the new tenant and myself.

I'm not new to purchasing properties, but this will only be the second property I've ever purchased and the first in this new area.

With buying a house hack - you quickly learn what ownership is, how to manage current tenants and pre-vet new tenants, how while you're owning the property - you're investing in yourself and not someone else's own property by just paying the landlord rent.What's fun about this game is it really does not matter how old you are when you're getting started.

Hello,First time poster and fairly new to real estate investing.