Educate Me - Renting Furnished Rooms

[Nathan Emmert]

So 16 hours over 2 days offsite led to a few interesting conversations recently, including a short conversation in renting furnished units to interns/co-ops.  My company rotates through a lot of co-ops on a semester basis throughout the year.  One of our current co-ops was telling me about an investor down in Cinci that had a great gig going renting out individual rooms to these co-ops and it got me thinking I may want to do something up here similar... but that's a significant change from simple multi-family investing... so what do I need to know?

I thought there were tax differences between landlords and what is more considered boarding/hotels... where is that threshold?

Anyone have experience in renting out furnished apartments? 

I know someone had talked about traveling nurses and more high turn over but high occupancy situations, any thoughts there?

How do you get around fair market housing issues with gender... I'm guessing you'd want consistent gender... do you place people that way or simply let the market self select?

What else should I think through?  Renting rooms for $600 would definitely be much higher than renting units.