Anyone have any experience with STR to traveling nurses? We bought a small house recently with intention of a flip, paid $110K cash for a 3/1. Needs a new roof, interior paint, flooring (LVP) and some cosmetic improvements, nothing major, new woodwork on front large front porch. Corner lot, no neighbors next to or behind. We know the owner of those lots. Last week we found out it's in a medical overlay district 2-3 blocks from a growing regional hospital.
We had planned on flipping it, but once we found out about the Medical Overlay, we thought about renting it to a medical oriented practice , but after contacting a staffing (for lack of better word) company for nurses, we think it may draw $3K a month. We are in the process of acquiring furniture. Mrs JDHorn is a realtor so we are privy to many people looking to unload furniture. We have acquired a 40" Samsung, 4 beds and we generally have an attic full of stuff she uses for staging.
Does anyone have thoughts on renting to nurses? My limited research shows they do extended runs at hospitals, 90 days- 6 mos and sometimes longer if they like the gig.
The place is 30 min to the gulf of mexico, couple hours to New Orleans or FL panhandle beaches...not a bad area, a little rural but im thinking $3K would be the number if we got 2 or maybe 3 nurses (would be tight with 1 bathroom), though I imagine there are facilities at the hospital too?