This location, situated three hours away from my current residence in NYC, has caught my interest.

They are really good with getting property leased and taking care of tenants but very expensive, it is just that.

Our monthly surplus income, after accounting for all expenses, amounts to $3,800, providing a solid foundation for potential mortgage payments or land-related expenses.While I am confident in the value of the land to my operations and its long-term potential, I recognize the importance of careful financial planning and strategic decision-making.

Obviously, we are insisting that the seller take care of this however, I would love feedback on how you would go about it. 

I work with a great team that takes care of most of the work for me including sourcing deals, managing rehan (if necessary) and providing property management.

You are confusing the primary residence requirement with he 2nd hime requirements which is that you need to live there the majority of the year, change your address etc.

You ay find that your children does not really care what you do with it.

Is the business expected to pass out meds for the residents - and are you required to have medical personnel on staff to do so?

This is not the first time I have heard of issues of this nature as many of the investment clubs I am in are seeing GP's stopping the issuance of dividends and performing cash calls.Lastly, if you are a single family investor and thinking - who cares this is commercial, recognize commercial real estate has a significant impact on residential real estate since it will lead to banks being more strict on lending and a drop in rental rates on MF will make its way to residential. 

Investment Info:Single-family residence buy & hold investment.