It sounds like you'll lose some value based on the speculative nature of the properties that can be converted to single family homes.

It has grown a lot in the last 3 years or so with no end in sight.

That can’t be undone and is emotional for many people as they age.Also from a financial standpoint this property will not cash flow so you will lose money if problems arise with the property such as needing a new roof, plumbing problems, etc.

Kids are noisy and smelly but not when the tenants are there :)I specifically like daycare because of a few factors. 1) It is internet resistant - you can't put your kid on the internet so you won't lose tenants to that in the same way you could lose a retail or office tenant to the internet. 2) It's always a need that will be there 3) A lot of times these days daycares are supported in some way with government funding.One thing to pay careful attention to, as mentioned above, is the lease.

Act like you don't care if you lose it and hold the sellers feet to the fire if anything goes sideways.

If a tenant reports something wrong with the unit, you need that fixed immediately (depending on the severity) and you may lose business from any delays in repair.

Pros - Higher rents than renting to a family, I can pop in anytime to check on the place, if one guy moves out, I don't lose the whole rent, no wear and tear from kids or pets.Cons - Higher turnover (I usually do month to month which also has higher rent), potential for parties (but I screen very carefully so this has not been an issue at all), parking, roommate drama (rare with professionals).Just another option to consider.I'm a mortgage lender myself and I wish we had a 90% product like that MACU loan!

My team and I are moving on a deal in southern CT right now, after losing the Nashua property.

I recently had a wholesale deal get quite interesting a few weeks ago so I figured I would try and are with everyone the backstory and the mistakes and lessons I learned so you can try and avoid them in the future.I got a good call from a prospect in Westchester County, NY and I contracted the house sight unseen from my house in California.

I really hate to lose this deal.