Local insight into Short Term Rentals in Albany, NY

[Andrew Curro]

Next year I'm looking to purchase an owner occupied multifamily rental in Albany, NY. For a long time I have been set on having long term tenants, but lately I've been considering setting the property up to be a short-term or medium term rental. Does anyone have insight on what may be the most profitable type of rental in Albany? What would you look for in a property to make it a great short/medium term rental in Albany? What type of renters would be the best target population (healthcare workers for example)? I'm looking to make the most out of the property and I want to make this more of a active business than passive income. Where do you see a market need?