Hi All,I work as a medical provider and my husband is in the IT world so new to real estate investing.

I also have a medical practice that operates separately.

Medical plazas.  

Mold throughout the house will require a total gut to remove the hazard as there are people that bought mold homes that were not properly remediated, had medical issues and sued the seller and won.Raising the roof and adding a second story for most cases is not a move that adds value especially in a city that requires permits and plans for almost anything.I see you are probably passing on this property which is a good decision. 

I am finding however that some medical facilities are buying their own housing for the nurses. 

Now she is still not well and need medical care.

@Steve BabiakIn my interpretation of the tax code, individuals and partnerships are non-corporate entities and would be issued a 1099 (there are exceptions for certain professionals such as doctors, lawyers, real estate agents).

The last thing you want to do is wait any longer in case he's had some type of medical emergency in your property.  

We have so many older people that have paid off homes that are struggling to keep their home that they lived in for 40+ years and still be able to afford medical, food, utilities, taxes, etc. 

Once was a due to a nasty divorce, the other was for medical bills.