Suggestions on Markets for Medium Term Investing?

[Mohammed Nasser]

Hi BP Community!

I am getting started to REI and would like to enter the medium-term market (travelling nurses, executives, digital nomads etc..). I have a few questions for the fellow BP members that currently own medium term rentals: Are there any specific states/regions in the US that you believe work better for medium term rentals than other? Are there a couple areas you would suggest would be a good starting point? I am thinking that maybe when I have a couple of recommendations, I can do some further downstream market analysis and choose one. Also, not only will this property be my first medium-term rental but it will also be my first investment property ever so any pointers/words of wisdom/tips would be highly appreciated!

Thank you all so much! 

[Nathan Gesner]

Quote from @Mohammed Nasser:

The difference between mid-term rentals and long-term rentals is . . . nothing. Same laws. Same lease. Same policies and procedures. A medium-term rental is really a long-term rental leased on a monthly basis.

The market you're looking for are temporary/seasonal employees that want a furnished long-term rental for more than 30 days and less than a year. Think hospitals with traveling nurses, large companies with interns or transitional workers, etc.