It’s a absolutely possible you just need to get in front of distressed homeowners easily.

7-How do you close a good deal quick and easily?

You said you have around 20k saved up already, I feel like this would easily get you another property.

@Tom Matousek the numbers in NC will probably be better than what you'll see up here in 9.99 out of 10 cases, other considerations for investing in this area are the laws governing rentals (NJ is bad but NYC might be the worst in the country) Age of property (our buildings and homes are traditionally a lot older than yours which could equal more cost for you as the owner) cost of labor and materials (yup, were more expensive here too) Acquisition cost (which could easily be 4x what you'd pay for a comparable building in your neck of the woods. 

@Mitchell BehmIf I could time travel and go back to a time when I was your age and in your position (am I seriously making myself sound like a grandpa!?)

Painting ceilings is the worst type of painting in my opinion.It is the slowest because of the distance your roller has to travel from the ceiling to the tray on the floor each pass, you get paint drips not overspray dust on your face and your neck kills after about 30 minutes.

I have had a couple of properties before that wete bigger than the average house in great areas that I thought could have been easily converted into an assisted living home.

I am traveling for a few days, but will be sending along some contact links to family members. 

Also it's hard to time that market bottom and in the meantime you're losing real money since inflation is eating up your cash (assuming you don't have it in something else that you can sell easily like stocks...which also might crash).

We know the nursing field is not going anywhere but most of the traveling nurses are on an 'at-will' contract and can be let go at anytime for any reason generally speaking (I'm not a lawyer).