There are consultants that specialize in Assisted Living Facilities; might be worth hiring a consultant so you know what you are getting into.

Just because you're next door doesn't mean you're answering them at weird hours, or can give them special rent deadlines, etc.

And could you also refer me to some lenders that specialize in financing for rental property?

It's probably because the spread is too much and they did nothing special.

I obviously would prefer the 3-3.5% down you and @Ozzy Sirimsi mentioned, who do you go through and is it a special kind of loan?

@Alberto Leonard you will want to work with a CPA who specializes in RE sooner than later, however you don’t need that before starting.

Avoid their free YouTube videos, their offers of newsletters, special reports and especially avoid attending their free introductory meeting or workshop.Then go ahead and decide if real estate investing is something you want to pursue.A MUCH better idea than starting as a “wholesaler” is to obtain your license and become a real estate agent.Becoming and agent has the following advantages over trying to wholesale1.

The seller's attorney is also wanting due diligence days, earnest money amount, closing date and other special stipulations.

There are some special DTI considerations when student loans are involved...I think.  

You want a surgeon that specializes in the kind of surgery you need, not a general surgeon.