I'm not too happy about adding a dog to the unit.Text message from tenant: Hi, sorry to bug you but I wanted to ask you if it will be ok if we took in my mother in laws small elderly dog he is about 12 years old and is completely house trained, she needs to place him and asked us but I wanted to run it by you 1st.

@Scott Meyers  thanks Scott was just wondering if you were locking into some specific stat.being CA native its about on cue that every 10 years or the market does a swoon.. then comes roaring back.I look at my business life in CA.. mid to late 70s recession  with the war ending.mid 80s interest rates at 20% plus SL melt downfor us late 80s was induced by Earthquake and the war in Iraqthen dot com bubble burst.. but that was short lived.then the Mother of them all the GFCSo when I think of these that personally affected me and my business they all had different trigger points.With a lot of it simply being media and consumer confidence and people following the herd.

I would love to buy and hold onto hospitals and nursing homes.

My mother and I were the heirs to the estate.

My mother will be in a condo in Glenview and my father will be in a single family home in Glenview.

My mother was in a 2 story facility and it had a stair chair lift..

You usually get traveling nurses staying 2 - 3 months and you can charge up to $2500/mo off of 1 bedroom units.

My aunt built her own home as well on the land she inherited.Now currently, my mother has out her 4 acres up for sale.

My logic for the family payoff would be that's probably the maximum they would get if it foreclosed and was sold for more than was owed anyway, but likely would end up with next to nothing at all.I would then pay the holding costs to bring the mortgage up to date, pay the liens (~$10-15K for nursing home and something else), and then come up with hard money or private lending to do a gut rehab of the house in order to rent it out.

Some traveling occupations like nursing need short-term leases - like 3 months or so - and will pay a premium to rent a furnished place for a shorter amount of time.