I just sent you a PM.The biggest challenge is this market is the low inventory fueled by a large demand in the region from retail buyers.

There are some limitations on time and if you live in the property or not which is the only downside BUT if you can figure it all out, it's a great stepping stone. 

My biggest fears with properties like these are making allowances for big ticket expenses when cash flow is good but small. 

It is about what they know, how they are accounting for downsides, and does the business model make sense. 

The biggest drawback for most people is that you normally can't get into the property to have a look before your purchase. 

Purchase price was ~$800k; bank is giving us just short of $1M, and we had to bring $350k at close (plus $50k in reserves).Downside is that it is a recourse loan (i.e., we're personally liable for paying).

The National Association of Realtors is one of the biggest lobbying groups and there is no way they'd let this happen.

In fact, we know way more about the possible downside risks today than we did in January.

When I got older and started seeing people with even more severe disabilities limited to minimal work and life experiences (like needing a care taker and the biggest "position" they can strive for is cleaning tables at the local mall) I quickly realized how lucky I still am. 

However, my biggest concern is the age of the home. it was built in 1925.