Houston flood home that would not sell - exit strategy ALF

[Ayman Elmasik]

Hello,

I have a house that was flooded in Harvey (Aug. 2017) for the first time (to my knowledge as I bought it from a wholesaler with no disclosure) .

The house is one story with three bedrooms (one of them is a master suite) with a very reasonable living space and backyard.

I rehabbed the house and it looks great now, ....nobody would buy it :0(

The house is near the medical center in Houston (in a subdivision called parkwest near Westbury)

If I rent it it will create a -ve cash flow of about $300

I'm thinking to turn it into Senior independent living but it seems to be very complicated strategy with the best yield.

Any experience in doing this in Houston would e appreciated?

Cheers,