Hello,I have a house that was flooded in Harvey (Aug. 2017) for the first time (to my knowledge as I bought it from a wholesaler with no disclosure) .The house is one story with three bedrooms (one of them is a master suite) with a very reasonable living space and backyard.I rehabbed the house and it looks great now, ....nobody would buy it :0(The house is near the medical center in Houston (in a subdivision called parkwest near Westbury) If I rent it it will create a -ve cash flow of about $300I'm thinking to turn it into Senior independent living but it seems to be very complicated strategy with the best yield.Any experience in doing this in Houston would e appreciated?

Rent of $700/month or higher otherwise buying a toilet or water heater is just to much of annual gross rentOnly deferred maintenance I can hire a top tier property management firm to do (I.e. no structural repairs)In this area you can pretty much sell a rental property in under week at 9% cap rate to gross rents if it meets these criteria, has professional management, no deferred maintenance, and vetted tenants. 

I have a few questions that I would love for other both novice and professional investors to share their experiences 1.

@Tim Kelly @Jay Helms @William Allen   All of those guys are a part of PIG (Professional Investors Guild) or were at one point.

Would your response/action be the same if they weren’t in wheelchairs or weren’t seniors, but we’re average tenants who were out of work and ran out of money?

Check with your tax professional.

You may also consider hiring a professional cleaning service and doing some minor cosmetic work such as painting walls off-white.

Mega malls, professional sports stadiums, expansive shopping centers, ten+ bedroom mansions, etc.Maybe this has happened many times in past sellers' markets but for those of us who haven't been in the industry too long, is this normal?

My people are IT professionals that do not want to buy a place and are too cheap to get their own place.  

Maybe even along with some kind of satisfaction metric by the owner.Also things like macro trends for rents and appreciation by neighborhood.Maybe even a way for turnkey providers or other real estate professionals to aggregate data on all the deals they've done that could be verified by a 3rd party so you can you really drill in detail into what to expect.Super new to the space so it's possible these are really bad ideas!