The timeframe is slower than flipping, but I'm very bullish on the gains to be realized in the next 5-10 years.

Houston has a strong market for MTR with travel nurses, and this property is located minutes away from a major hospital complex, as well as 20min from the Medical Center (largest in the world). 

So we’re thinking it could be a good rental to medical professionals or traveling nurses?

Not to mention, this property is five minute walking distance from the nearest Medical center.Given the circumstances, what's more valuable the property's location or the property's potential value?

Not to mention, this property is five minute walking distance from the nearest Medical center.I will be using FHA to finance either deal and using the house hacking strategy to begin my empire. 

Purchase price: $4,100,000 Cash invested: $1,400,000 Medical office How did you find this deal and how did you negotiate it?

We renovated the entire place in 2 months which is pretty fast, but then had to go slower for the exterior bc of lack of funds.

This property is in a nice historic area of town and is close to the Medical Center and downtown.

Don, I'm not sure investing the time to become an expert in the IRS codes is a good investment of my time anymore than me pouring over a medical journal before a medical procedure would be a good exercise of my time as I don't think I can learn in 1 or 2 weeks what those professionals took years to master.     

My father and mother use to be on the title of a duplex located in the LA area but about 29 years ago my dad decided to remove him and my mom from the title because he had heard from someone at a grocery store that he would lose the property to cover the cost of my mother's medical bills that would be incurred on them for the births of me and my twin brother.