It was explained that they're not running a for-profit since no rent or fees are charged to the patients, the company has a large donation pool that covers operating costs and staff.

I've seen lead remediation costs under $1k and I've also seen them above $40k.

If you had the funds available, with some cushion, is it advisable to skip the HML and $7-12k cost, and purchase in cash?

Be aware, though, that if your main goal with putting properties into an LLC is to silo off assets to protect yourself in case of litigation, then you need to also set up new bank accounts for each LLC and run all rents and costs through those accounts.

While quick closings can be advantageous, they might come with higher costs or less favorable terms, impacting the financial health of the investment over time.

It's pretty hard to invest with $8k since most lenders have a $100k minimum loan amount, meaning you will need about $35k to buy a property after the 20% down and the associated closing costs. 

In my opinion, the most effective approach is to close on the property and take title.

These are real costs that hit your bottom line whether you like it or not.The biggest mistake I see from new investors is taking the revenue and minusing the mortgage payment and calling that cash flow.

I'm curious how much it cost you and what exactly is it???

So waiting a month to make that payment costs you between $5,500 and $9,000.