Bad credit due to some medical bills (Willing to put down 2x the my standard deposit).

Where there is some additional questions are whether items like health insurance for myself and my wife (the premiums not the actual medical expenses) would be considered part of this overhead (in the past we HAVE NOT put this into the "cost allocated" calculations for Sch E but instead listed them in Sch A.

Unexpected medical bills, student loans, having kids, etc.

Cleveland is home to over 600 bio-medical facilities and over 60 hospitals!  

And, considering the cost of health care, I want to be able to afford quality medical care.

Medical is the biggest business outside government, but I doubt people will stop getting sick.Your tech bubble might pop now that we all know the Apple CEO has added his brick to the wall. 

It's a transitioning area adjacent to some of the most desirable areas in Sacramento including Midtown,  Land Park, Curtis Park and the UC Davis Medical Center.  

My aunt invested in a medical park TIC and was able to liquidate without incident after 3 years.

There will often be property requirements, fire suppression system can be expensive, light fixtures, commercial kitchen requirements, electrical and plumbing requirements as well as minimum room sizes for bedroom, dining area and living spaces.I'd not jump in based on the opinion of some medical or home healthcare worker, they may not be aware of compliance matters much less the business side of the market.

It's worth what it's worth, there is no reason to give future equity away because some financed the deal, deferred their gain on the sale, only had to pay 25% of depreciation they'd normally pay after selling and then, being elderly, reducing her qualification requirements for medical care which will be based on her discounted market value of her note.