My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

Rehab Scope:Cosmetic remodel: Painted the interior/exterior, updated the kitchen cabinets and countertops, and installed new flooring.Modernized fixtures: Replaced light fixtures, outlets, and switches throughout.Enhanced curb appeal: Painted the brick exterior, added landscaping, and modern black accents.Timeline: Completed the rehab in just 4 weeks to minimize holding costs.Strategic Upgrades: Focused on cost-effective improvements like vinyl flooring and fresh paint, wh What was the outcome?

At the point I made that decision, I didn't even know about self-directed IRAs, I just knew in general IRAs had a bit more flexibility.  

Maybe talk with some realtors who have people who cannot get a loan because they are self employed, but have plenty of down payment.

That will be you one day.Your future self will thank you (in 10 years).

@Sebastian NadalI've used Zillow Rental Manager to screen my tenants and have found it effective.

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

It's a very simple and effective tool that you can use when evaluating rehabs, whether you're looking to flip or BRRRR. 

Are there other, more cost-effective alternatives to gain similar support and knowledge?