I'm chez, and I've been lurking on BiggerPockets for a while now, soaking up all the incredible knowledge here.

Home is 25 years old and requires a new furnace, A/C, and roof in the next 5 years. 

Sellers looking to offload such homes quickly will likely receive lower offers, translating to less cash in their pockets.

You don't want to get stuck with negative cash-flow because you can't find another care facility tenant to rent it.Also, probably want to check with your insurance provider and see if all those tenants who are likely to fall and break a hip are going to be an issue for them, and look into the legality of what happens in the care facility owner dies and you're stuck with 5-8 tenants in the home with no one to care for them and no living descendants.

Hello, I own a plumbing company with 40 + employees and mostly work under contractors that do remodel, new construction and commercial work.

That's a tradeoff I'm happy to make right now.So far we have enough saved for a down payment (possibly 2), we've chosen a turnkey provider and market, and we've lined up funding for the first deal.

We gutted the interior down to the cinder blocks, re-designed the unit layout to fit a more modern lifestyle.

In Minnesota, we cannot legally discriminate against a tenant who has a felony on their record. 

And a good GC will rarely advertise at all...

Build relationships with local architects and expeditors - they're usually the first to know about upcoming zoning changes and can provide valuable insights.