The setup fees are high and the annual fees are even higher.

I believe licensure requirements for these caregivers are evolving, and there may be a licensure requirement now, but it is still not a high paid position by any means. 

I did pay him $30,000 after a week of work and understand that I owe him more, regardless of how poor the quality of his work was.

Was the “lowball” offer high enough that you could find another buyer?

It's in a city (outside the USA in Mexico) that has seen major growth the last 3-5 years and has great prospects to continue growing thanks to nearshoring and high cost of living across the border in the USA.I spoke to an architect and it looks like a 4-unit building can be built on there.

Competition is high also so I wouldn’t touch it if I was out of state.

Dee, I highly recommend you use a landlord attorney to prepare a lease for you.

Your traditional hard money doesn't eat your profit, they charge you a high rate.3. $150/month in cash flow is not something to hope for.

It's safe to say that your HOA will increase each year especially with inflation, how high rates are right now and will continue into 2025.

They aren't tax savvy and neither are high income earners (both very low income/retired) and won't really entertain any savings strategies.