I have a couple tips for you. 1) Nurses & med pros make great tenants and love black out curtains, portable fans, quiet and affordable spaces close to the hospital. 2) I wouldn't exclusively target nurses, especially with a 3 bed, 2 bath home.

I'm curious to hear how others in this space are valuing and exiting notes.A few discussion questions:What metrics do you weigh most heavily (LTV, payment history, discount rate, etc.)?

The main challenge is figuring out how to fund and structure both the dirt and the homes.First, try to buy the land itself with a conventional commercial or local bank loan — local lenders love small parks if you can show a plan to fill the spaces.

I have been in the real estate space a couple of times throughout the last 25 years.  

I have been active in the space for 7+ years and have the scars to prove it!

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

That said, two-story houses can work better for “privacy zones” (bedrooms upstairs, hangout space downstairs).

I haven’t personally invested in that space yet, but I can definitely see the demand and the positive community impact.

Rent estimate: $1600/mo2) Expand the unit by 280 sq feet and make it a 3BR/1BA apartment with an open kitchen/living/dining space for 140K.  

If the deal still works without that space, great, if not, you may want to renegotiate or even consider converting it back.