Hey Chi, I own and operate an investor-friendly brokerage and property management company here in Clarksville, TN.

The farther you are from home the more time it will take to get your team, manage them, and monitor.  

A single-family home can definitely be easier to manage upfront. 

If the ownership of this assisted living facility didn't care about the prepayment penalty, and the bank didn't "swipe left" on the property based on things like experience level of the ownership and/or management team, this might be a clear winner. 

Significant liability attaches to ownership as well as management.

The property is about 3 hours drive from my primary residence and I go there once or twice every week to work with my contractors to coordinate and manage the renovation.

Since we are not looking for something too fancy, I am optimistic that we'll manage to find a place we like that doesn't break the bank.

Until the pandemic, the Oregon Coast was very off the radar and while market demand and valuations have steadily climbed, there is still relative value to be found.

We inherited a management company and stayed with them for 5 years.

Ask any property manager who's taken over a building or two from a self-service landlord.There are two things one needs to get into real estate investing.