We got a killer deal for the place and didn’t want to delay closing further so we created a separate escrow account with a written agreement that all medical records and property would be removed from building within one week of closing or seller would forfeit $2,500.

Also, in the last housing crisis, many banks froze HELOCs suddenly, so that is a consideration as many were counting on accessing it for either new investment or emergency funds but found they couldn't.   

Pay off debt and reserve 6 -12 months of rent as an emergency fund?

Pay off debt and reserve 6 -12 months of rent as an emergency fund?

Medical Payments: Provides coverage for an injury suffered on the premises.

You can look for offices looking to expand into the area (dentists and specialty medical practices are a possiblity). 

We did have to file bankruptcy just under two years ago due to massive medical bills and I keep hearing different answers as to having to wait 2 years and letting the bankruptcy season, or being able to apply right after the bankruptcy has discharged which it did in April 2019.

They are often considering selling because they have a specific monetary problem that needs to be solved such as medical bills, facing foreclosure, or a need to downsize.

In AZ, a 48 hour notice is required before entering for non-emergency reasons.

The money you have is probably good for emergency fund / cash reserve.