If you have that much saved up then I will assume that both of you combined are earning a hefty salary. 

Facility Director wasn’t an option under the career selection for the profile.

Live where there is one door and own where there are many.NEVER INVEST IN ONE DOOR.Single-family homes are bad investments for the most part and have proven to be for the last 30 years, earning about 1% per year when adjusted for inflation.

Vs. if it's a state with tax you will pay state tax thereYou're taxed based on where your income is earned - LLC location doesn't impact taxable income 

@Alejandro Obando, what are your goals for your investing career? 

I would hold for sure and earn that cash flow.  

As @Chris Davis  mentioned the turnover might be high which can have a huge impact on the expected earnings. 

I know that I want a career in real estate, and am willing to work hard for the next few years to become financially independent.

I like 3-6 months minimum of all expenses (this can be invested in safer vehicles so you earn a higher yield to beat inflation).  5. 

I have wanted to invest in real estate for a long time but the timing never seemed to be right between career, marriage, kids and life in general.