First Rental. Renting to travel nurses.

[Kaleb Dutil]

I am considering renting out my primary residence. It was a VA loan and at the end of October I will have been here one year. Which means I can move out and rent.

I have a friend who owns multiple properties and rents them all to travel nurses. They are 3 to 6 month leases.

He furnishes the place and pays all utilities. Charges higher than normal rent of course.

I showed him my numbers and he thought when it was all said and done I should have $450 cash flow each month.

I have 0$ invested in this property.

My thought is to do it. Then go get another VA loan 0% down live in it for a year and repeat the process.

He has only had 2 days where his property was not rented to these nurses. He says he wished he had 10 more houses because the demand is so high.

I am someone with little of my own money to get started in this arena. I feel like this is a great strategy to get going as I save for my third property.

What are your thoughts?

Side note if I did not furnish and did not pay utilities and charge the rent a property management company told me I could charge. I would cash flow $250 each month.

Would that still be descent enough to hold on to this property and rent it? Again I have 0$ invested in this property.