Gainesville is a "medical" town, and you might be able to do short-term rentals with that property to people who own animals, such as horses.

The deal requires at least $200K to close plus $100K to rehab but will command rents upwards of $4200/month with non-renovated comps selling at $350K.

Hi, my rental management company collects one time non-refundable pet fees and monthly pet fees from the tenants.

Running an Assisted Living business is more like running a medical business.  

You can put $5000 into mobile home parks, $5000 in shopping malls, $5000 in apartment buildings, $5000 in medical offices and $5000 in self-storage for instance rather than $25,000 in one single family home.REITS should theoretically return less because you're paying for a professional management team that has years of experience with that type of investment.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.

if yes, then you have options there and probably something to bring up to this Seller in a non-confrontational way with the goal of saving this deal.

Based upon the fact they are new - maintenance is a non issue for the first several years which is very very attractive to my objectives.

My knowledge of the market is very limited to non existent to be honest. 

If they still do not comply, I would seek to evict on this premise.I would ignore the boyfriend issue at this point and just evict for non-compliance (entry) or if they allow entry, ride out the last three months and not renew.