After we got it ready, we did hire a local management company and while we still go there every 6 weeks or so to continue updating things etc, I do not think we would be able to claim material participation in the years ahead while we have a management company.

A few of the projects I mention in my previous post have either been completed or have broken ground: https://www.biggerpockets.com/forums/925/topics/1164202-folsom-could-see-over-500-000-square-feet-of-new-doctor-s-offices-and-medical-clinics

We are currently looking to acquire in Texas a medical building for about $2.4 mil all in (purchase and rehab) with hard money lender with about 20% down at 8%. 

That’s a lot of life change happening at once — exciting, but yeah, timing matters here.You’re right that being near a hospital makes your garden unit a prime candidate for mid-term rentals (MTR) — travel nurses, patient families, medical staff, even corporate relocations.

I hear there may be medical colleges , + 1000 jobs from some company etc. come up there to attribute to appreciation.

The report highlights Houston’s internationally diverse population, major corporate presence and status as home to the world’s largest medical complex as the key contributors to its global standing.

Assisted living is usually classified as a medical/long-term care use and often requires:• A conditional use permit• Public hearings• Compliance with fire, accessibility, and staffing rulesBefore you spend a dollar, confirm the municipality will even allow the change of use.2.

Quote from @Collin Hays: Number one, anytime someone says they are “crushing it”, my default is to take whatever they are claiming and apply the square root.  

It’s a townhome located near a major medical area, so I’m targeting traveling nurses and other professionals looking for 1–6 month stays. 

But… I tried to make my first claim against a tenant’s insurance company in 20 years this year and it was useless.