Just like our BANKERS validate and question our deal analysis, you need to be the BANKER.Majority of the Syndication failures going on right now are due to either Short-term financing used on longer term projects- in a period of extreme interest rate hikes, material Inflation, or Covid related supply chain or personnel issues.You as the BANKER, know that all of the above should have been covered by the Syndicator and by you the BANKER. 

Eventually, we’d like to build a few houses for ourselves and extended family but that will be a lot later.

For BP readers in NC (or other trustee states), get to know the trustees that operate in your county of choice, then periodically look for upcoming sales.

-your first few years after a purchase are typically a stabilization period, and you IN-vesting your money into the property. think about how long it will take to recoup all the costs i just mentioned.

Have you modeled out a vacancy period post sale-leaseback term?

This was my slowest off season since the Great Recession (not counting Covid lock down periods) 2) when building up your reviews you will likely be best served by having a rate below market.  

My recommendation would be to put the deal under contract, then during your inspection period talk to everyone and anyone that is local that buys properties like this and ask them if they know the property or anything about it and ask them if they think it's a good deal.

I am in my longest no purchase period in over 15 years.  

My wife and I are MTR owners and operators that really only use MTR arbitrage when we are at capacity in the units we own, and we have potential residents who would otherwise be forced to stay at extended care motels or similar.

This is part of the "due diligence" period, and it is so important.My advice would be to figure out the demand in the area for larger spaces.