Now, be very careful of the LTC difference....Loan to COST is very different than LTV.  

That IS a nice chunk of money, but be careful because it can disappear rather quickly with a few poor decisions.

My thought is that if we're paying cash and it has positive cash flow, then who cares, but I'd love to know what you longer-term investors have to say about it.Now more specifically about this property..2.

Even if you're planning on doing repairs, showings, leases, and all that jazz yourself, deployments are a thing and you'll want to have access to folks who can take care of things while you're away if they pop up. 

He genuinely cared about finding the right without property for me, but without being high-pressure or bombarding me with marketing emails.

I never list my own home and have someone representing myself as agent to take care of avoiding exposures like you described.

For example, let’s look at the CoC return over the 3-5 years:3 year return 92,000/295,800 = 31% over 3 years or about 10% per year (that’s if the profit you posted also included your cash flow, if it didn’t then it would be a higher percentage).5 year return 139,000/295,800 = 47% over 5 years or about 9.4% per year.Don’t forget that you will also need to subtract closing costs and you may need to rehab it again after the 3-5 years after the tenant moves out depending on how well they took care of the property unless you just wait until the very end to rehab it before you sell it.So you may ask yourself, is my goal to have the experience so that I can learn from having and managing a rental for 3-5 years or is my goal to cash flow as much as I can with the least amount of work?

They do not want to owner finance it and then new owner runs it into the ground and they have to take the property back worth less than when they financed it.You have to be careful on giving full guarantee on  a project if you have limited experience just to get into a deal with owner finance.

You could also focus on the great financial advantages of renting/down-sizing (travel more, no more yard to care for/repairs, buy an RV, visit family more)Host a senior-focused event at your facility (maybe show an uncut version of Woodstock haha) or live music, a Social Security expert speaker or Doctor to address health issues, a fund-raiser, art show, etc. and hand out flyers with a special "one month free" coupon attached Have exercise classes for seniorsWeekly bingo nightsPromote your events for free on community calendars, newspapers, seniors sections of papersPrint door hangers and get some kids to hang the door hangers at trailer parks, older communitiesEncourage your current tenants to invite friendsRent a 15-passenger bus ($50) and offer free transportation to key eventsSponsor events at senior centers in the areaCo-Sponsor service club (Rotary, Kiwanis, etc who have many senior members) eventsPut up banners and balloons when you have eventsI hope at least a few of those ideas might spark some interest.

Hi Ricardo Welcome to  Connecticut MarketBidgeport is a good market depending the area like any market you can be in a nice are and 2 more  blocks down you'll be in a war zone but the best part is that bridgeport has the most affordable market compare with the others cities closed to NYC like norwalk not even talk about Stamford here the taxes are little high but  the income compensate that be careful with Real Estate Agent that says they are Investor Friendly and they just want you to buy at high price so they get a good commission but over all bridgeport is a big city trying to get betterbest area is black rock but is expensive, Hallow are is good for cash flow but a lot of the area is hot zone, east side war zone but could be some ok section, north end on the border of Trumbull nice are, east end like Stafford ave and Connecticut ave this are in this days is war zone. all of this areas and what I said about them are my point of view so you can see what others investor says about it wish you the best on your investment and see you on the top :-)