Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Here are the key points:Building is currently owned by an LLC, owned by the mother, who cannot manage it due to medical conditions. 

For the last 3 months rent has been late.This week (right when rent is due) they claimed a medical injury caused by plumbing issue with toilet getting hot water and causing a “burn” on buttocks. 

I think whole home is your best bet unless there's a significant traveling medical professional or student population.

Opportunities for short- and long-term.Converse is close to an Army medical base and Air Force base.

Bigger picture, private real estate investing is becoming more mainstream which means that sponsors will need to up their game and levels of professionalism to stay competitive.A great sponsor will already have made most of the information that you have asked for publicly available.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Since I'm familiar with the medical field, I may place tenants by myself.

Originally posted by @Jerry Brecko:Any recommendations for str insurance policy Read this https://www.biggerpockets.com/forums/530/topics/50...And keep in mind, as STR becomes mainstream, more and more regular brokers/insurance companies offer it as an endorsement or even with STR policies.Good luck!

Being selective in the projects we work on, combined with the fact that we're vertically integrated, enables us to deliver superior returns like this.I also personally invest in syndicated deals (medical buildings, not apartments - so I have some diversification) and I am interested in diversifying some more.