This property is 4 minutes walk to the medical center and 15 minutes walk to a University.

Within a few hours a medical worker booked the place for triple her rent for 3 months!

building new construction esp medical is very expensive, low LTV means you're going to splash a lot of cash for a risky play. 

State Security Instrument Foreclosure TypeInitial StepNumber of MonthsRedemptionDeficiencyAlabamaMortgageNon-JudicialPublication112 monthsAllowedAlaskaTrust DeedNon-JudicialNotice of Default3NoneAllowedArizonaTrust DeedNon-JudicialNotice of Sale3NoneAllowedArkansasMortgageJudicialComplaint4NoneAllowedCaliforniaTrust DeedNon-JudicialNotice of Default4NoneProhibitedColoradoTrust DeedNon-JudicialNotice of Default275 DaysAllowedConnecticutMortgageStrictComplaint5NoneAllowedDelawareMortgageJudicialComplaint3NoneAllowedDistrict of ColumbiaTrust DeedNon-JudicialNotice of Default2NoneAllowedFloridaMortgageJudicialComplaint5NoneAllowedGeorgiaSecurity DeedNon-JudicialPublication2NoneAllowedHawaiiMortgageNon-JudicialPublication3NoneAllowedIdahoTrust DeedNon-JudicialNotice of Default5NoneAllowedIllinoisMortgageJudicialComplaint7NoneAllowedIndianaMortgageJudicialComplaint53 monthsAllowedIowaMortgageJudicialPetition56 monthsAllowedKansasMortgageJudicialComplaint46-12 monthsAllowedKentuckyMortgageJudicialComplaint6NoneAllowedLouisianaMortgageExec.ProcessPetition2NoneAllowedMaineMortgageJudicialComplaint6NoneAllowedMarylandTrust DeedNon-JudicialNotice2NoneAllowedMassachusettsMortgageJudicialComplaint3NoneAllowedMichiganMortgageNon-JudicialPublication26 monthsAllowedMinnesotaMortgageNon-JudicialPublication26 monthsProhibitedMississippiTrust DeedNon-JudicialPublication2NoneProhibitedMissouriTrust DeedNon-JudicialPublication2NoneAllowedMontanaTrust DeedNon-JudicialNotice5NoneProhibitedNebraskaMortgageJudicialPetition5NoneAllowedNevadaTrust DeedNon-JudicialNotice of Default4NoneAllowedNew HampshireMortgageNon-JudicialNotice of Sale2NoneAllowedNew JerseyMortgageJudicialComplaint310 DaysAllowedNew MexicoMortgageJudicialComplaint4NoneAllowedNew YorkMortgageJudicialComplaint4NoneAllowedNorth CarolinaTrust DeedNon-JudicialNotice Hearing2NoneAllowedNorth DakotaMortgageJudicialComplaint360 daysProhibitedOhioMortgageJudicialComplaint5NoneAllowedOklahomaMortgageJudicialComplaint4NoneAllowedOregonTrust DeedNon-JudicialNotice of Default5NoneAllowedPennsylvaniaMortgageJudicialComplaint3NoneAllowedRhode IslandMortgageNon-JudicialPublication2NoneAllowedSouth CarolinaMortgageJudicialComplaint6NoneAllowedSouth DakotaMortgageJudicialComplaint3180 daysAllowedTennesseeTrust DeedNon-JudicialPublication2NoneAllowedTexasTrust DeedNon-JudicialPublication2NoneAllowedUtahTrust DeedNon-JudicialNotice of Default4NoneAllowedVermontMortgageJudicialComplaint7NoneAllowedVirginiaTrust DeedNon-JudicialPublication2NoneAllowedWashingtonTrust DeedNon-JudicialNotice of Default4NoneAllowedWest VirginiaTrust DeedNon-JudicialPublication2NoneProhibitedWisconsinMortgageJudicialComplaint2-3NoneAllowedWyomingMortgageNon-JudicialPublication23 monthsAllowedReasons why people lose their homeA loss of an income, death in the family, medical expenses and other life-altering occurrences can happen to anyone, causing us to fall behind in our loan payments.

We have to understand that this is a legal and legit form of business in many states now (growing medical marijuana), this would be good information to know before negotiating.

Just got two quotes from safeco yesterday for two homes on one lot...House 1 (700 sqft)$238 premium - coverages $97,600 dwelling, $500k liability, $5K medical, $10K structures.House 2 ($950 sqft)$318 premium - coverages $143K dwelling, etc...

This also means that it will likely be difficult to get any long term tenants in.Because of the fact that I'm already a full time engineer, and do medical sales on the side, I'm struggling to decide if another venture is what I need right now.

Approximately a year after making the deal with her, she called and explained that she had some health problems and had racked up some medical bills.

Medical illness and  job loss can turn a good tenancy into an eviction.

If you become a specialized professional such as engineer, lawyer, accountant, or some sort of medical professional your potentially high career earnings will enable you invest in types of hands off RE...or hands on if you like.