I have a solid strip center ($1.35M) and an senior medical facility that hit my desk today ($2M) at attractive cap rates. 

In addition to an escalating need for assistance care, medical costs can explode in the final years.

Irving Texas has been a great spot for our MTR / STR clients - right between the DFW airport, Lovefield internation airport, downtown Dallas and UT Southwestern Medical Center - the largest in Dallas.

It would be like me going to a MD having tests run and the MD issues a diagnosis and then me going to Facebook to get other medical opinions  😀The three years of income and expense is not a sufficient data set to determine the answer.One needs to specifically look at what generated those losses in 2020 and 2021  If the $22,600 loss in 2020 primarily arose from depreciation and you were able to use those losses in 2020, your basis in the property will have been reduced by the amount of the depreciation.

I have clients that have houses in the 19th Ward and i have found tenants (medical residents, doctors, nurses etc that prefer that location due its proximity to the U of R and Strong Hospital).

Been there done that, I'd wait until I'm presented with medical bills before I'd contact my insurance company.

This is mostly seen in new builds or renovations on larger units, like the new high end units around the medical district and downtown.If you have more specific questions or concerns don't hesitate to reach out.Best,

To answer your question, 2-4 miles is not too far away for travel nurses and other medical professionals.

It will be just west of the West Loop and North of the medical district.

The remainder net proceeds will get divided up among the creditors- cards, vehicle loans, liens, medical bills..