I have seen this done before on larger deals ($5M+) and in my medical opinion, even if it's legal, it often isn't honest. :-)The entire reason to provide a proof of funds to a seller is to credibly and authentically demonstrate your intrinsic ability to perform the financial obligations of the contract.

I would also make sure there’s steady tenant demand (solid job base, universities, medical centers, etc.).Once you narrow down a few areas, start running numbers on real listings, plug them into the BiggerPockets calculator, look at your projected rents, expenses, and financing terms.

I no longer invest directly in medical real estate, I invest in medical office REITs. 

Operator Tips Build weekday demand (corporate/medical travel).

Grand Rapids has solid fundamentals — job growth, schools, medical hubs — and the appreciation trend you mentioned isn’t hype.

Ours were close to hospitals and medical staff or family of people receiving long term treatment were our best/ longer term guests. 

I was advised to look at Binghamton, specifically close to the SUNY Binghamton campus, which would most likely equal renting to college students, or the UHS Wilson Medical Center for medical students and/or medical professional tenants. 

I have a friend who spent six figures on a medical degree because he was interested in biology and anatomy, only to discover he hates working in hospitals.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

Medical debt is one thing.