You could potentially shore up the loan by adding additional collateral (even if it's in 2nd position behind bank loans) but it's still pretty risky when you aren't knowledgeable about this type of project.

In addition to the $75k "cash flow" you mention i assume you're making principal payments on the debt which also records in the profit column at the end of the year.

@Henry LazerowIn addition to the strong YoY rent growth, Chicago has also seen some of the strongest YoY home price growth as well.I had to fill three vacancies in February/March and we received 50 applications across those 3 apartments on the NW side. 

I live in Australia but I’m an American Citizen.

I found a very distressed property just around the corner from where I live that just had a "For Sale" sign go up with an agent attached.

Added info:  My current 18 single family portfolio has a Loan to value of only 56%,  (1.8m value 1.03m borrowed). another negative These additional doors would be leveraged (owner-financed) at nearly 100% of their as is value.

First problem was a very pushy salesperson contacted me to push my listing live.

First off, I would lose the term "elderly" and refer to it as seniors, senior living, etc. 

Additionally, I'm open to training as an agent while pursuing my degree.

Lovely couple and her sister living in House . great tenants . sister says she might move back to Florida one day and refuses to sign the lease renwal along with the others.