That means you have to hire an attorney with uncertain outcomes.This has happened on properties I have acquired, I have never had an issue with the Trustee, I just talk to them, walk them thru the deal, all has always been OK, never had to hire an attorney for a bankruptcy.

The issue with those furnishings is they'll likely only be useful to a senior home. 

Usury (and a whole host of other legal compliance issues) need to be answered and addressed by an attny who does this on a regular basis.  

If you don't have any debt, a 750+ credit score, and income, you should not have any issues being approved for a mortgage. 

I don't know, but I'm guessing perhaps there was a leak/flood and the subfloor rotted, and/or pet urine that soaked into the subfloor, and/or mold issues? 

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting to such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property to standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.I know tons of investors who are renting out their properties using this strategy here in Fort Worth. 

He still hasn’t moved in because of some medical issues (as per him) and hospital admission  etc etc and saying will move March 15th now.

Understanding local regulations and zoning laws is crucial to avoid legal issues.

Any issues, suggestions, considerations or anything you want to discuss? 

I have a few single family houses and a few duplexes and a few larger buildings.