Seller has been building houses but will be returning to Medical School in July of 2016.  

The hospitals and medical buildings here are best in the country (if not the world).

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience and didn't lose money.

Hi Robert,I have other medical field clients.What they tell me is demand for health care is high but the payouts if you are a new doc with the system is low.The docs do not want to depend on health care for their financial well being so they invest as well to create an income stream when they no longer want to be in the medical profession.The old timers fixing to retire in a few years tend to only take regular insurance as they have built up many clients and do not want that exchange stuff to deal with.The new businesses hungry for business are the ones taking the bulk of that business.

What if there is an accident and they need medical attention or the 16 y.o. can't get his little brothers to listen to him and they trash the place or stay up all night making noise for the guest upstairs, or worse, they try to cook and burn down the place with other people in it?  

However, the tenant can be charged if their animals do damage to the property...and in the case of an emotional support animal the applicant can be required to provide documentation to the landlord of the need for such an animal FROM A QUALIFIED MEDICAL PROFESSIONAL (although the landlord cannot ask the specifics on why the applicant needs an emotional support animal).Gail

I'm sure you can relate since you followed someone who has years of experience and ahead of you in the medical field.

When it's not "tourist season", I often rent my places to medical students who are here for rotations. 

You can try anything, however the issue with a 13100 Affidavit is that: 1) Medi-Cal must still be noticed!

In areas such as southern California where we have perfect year round weather, all of the Forbes list companies have offices, high tech, low tech, manufacturing, medical centers, universities galore, amusements, sports venues, zoos, beaches, etc. there is ALWAYS going to be a high demand, thus higher prices.