First time poster and new real estate investor but I could really use some advice.

Average home prices I’ve seen are anywhere for 800 to 1 million for a home his size but in more updated shape. 

I found this but I can't understand what the other costs are https://www.narpm.org/members/resources/rent-vs-sell-calculator/SFH current value: $441,000Bought for (2020 new construction): $362,000 (primary residence till Nov 2023)Mortgage balance: $218,000Interest rate: 2.375% for 15-year loan (12 years left)Annual Tax, insurance and HOA: $7,000Current rent: $2950Appreciation: Reached $441K in March 2022 and has stagnated since.

Hey Eric, Your strategy is mostly correct, but there are a few clarifications.

Not in Dallas, but I would read anything by Ken McElroy....he's sharp. 

First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.

I’m sure this is an easy one but I am new to this strategy.

Not clear, but I sent you a request.  

Unfortunately, I'm not well-versed in assisted living but I understand the strategy can be lucrative. 

But I have found over the years that all the guru's that advertise courses are not even investing.