The Multi is where they want to live and the house in a neighborhood near the Medical School my son will be attending.

Just got two quotes from safeco yesterday for two homes on one lot...House 1 (700 sqft)$238 premium - coverages $97,600 dwelling, $500k liability, $5K medical, $10K structures.House 2 ($950 sqft)$318 premium - coverages $143K dwelling, etc...

This also means that it will likely be difficult to get any long term tenants in.Because of the fact that I'm already a full time engineer, and do medical sales on the side, I'm struggling to decide if another venture is what I need right now.

Also there are many pros about this deal, there is a new hospital accross the street and another one that has a medical school program 1/4 miles down the street.

I am a construction contractor as well.the scenario in front of me:deal 1: 3 commercially zoned tracts (3.6  acres) in a business park used for office/warehouses/stack yard. price for all three (contiguous) tracts $150k. within 1 mile there are similar tracts going for $300-600k. this is a killer deal on dirt. 2 plays here...purchase and then flip lots only separately for more money, or spec build to sell or lease out commercial buildings. current realistic potential lease rate for a 40×80 metal building with small office is 4000-5500k monthly. construction cost would be about 150k. building and land value around 500k on low enddeal 2: value add commercial medical office/general office space. price $200k Reno cost needed 10-15k. would lease at 2600-3200 monthly.

I received a hot lead from a motivated seller who wants out of her house for the following reasons:- Seller cannot cover mortgage alone so abusive daughter lives with seller to help pay mortgage (daughter arrested for domestic abuse)- Seller is elderly and medically disabled (low income)Any advice on how to help?

@Patricia Steiner yes I understand but like everything higher risk better return but I want to know how to attract clients like medical clinics dental clinics pharmacy where economic crises don’t affect them people still need cares

Does your tenant have a medical background?

A repo, and then misc utilities, phone, medical.

Fast forward a couple years and I have a decent job working in the medical device industry, but what I really want to pursue is a career in CRE.