Sanity Check - House hacking via Travel Nurses

[John Hunt]

TLDR ; Wife and I are considering renting a room out on 1-3 month terms to travel nurses in order to do a partial house hack, good idea? 

My wife and I recently bought a house in the Nashville area. I have been interested in REI for years and my wife has recently started to get really into the idea.

My wife works as a nurse, and has noticed the huge influx of travel nurses lately. Nashville rentals are fairly expensive, especially shorter term. We are considering listing one of our extra rooms for rent, specifically advertised at travel nurses. We figure travel nurses will have stable income and generally be a good housemate. Additionally, many travel nurses return home on their off days so the room would just sit empty on their off days. We could offer a furnished bedroom with it's "own" (it's the 2nd bathroom in the house, so unless we have guests it's rarely used). Some quick research showed that based on our location and distance to downtown Nashville, we could probably rent a room for $700-800.

We figure this could be a great "low-risk" step into REI, and it would be nice to have the extra cashflow. From what I can tell, the city only requires special permits on "short-term" rentals (less than 30 days), so we shouldn't have to jump through too many hoops on that front.

We are in our young 20's, and don't plan on having kids in the near future. We both have stable(as stable as you can in 2020) well paying jobs, so we're not desperate for the cash and have the advantage of being selective with tenants. I've lived with roommates (both friends and strangers) the last 5 years, and really have no issue with the idea, but both our parents think we're nuts. 

What do you think? Good idea or not worth the hassle? Any advice if we decide to move forward with this? 

Thanks,

JH