Mid Term/ Short Term, Are Loft Studio apartments worth it?

[Connor Kline]

I have interest in a multi family property that is made up of loft studio apartments, all roughly 550 sqft. My initial interest would be trying to rent them out as mid term/ short term rentals. My question is this, would there be enough interest for mid term or short term guests with the sqft and having a loft for the bed? It is very close to two different hospitals, and a mile or so to downtown of a major metropolitan city. Numbers seem to be able to work, but being new to the mid/short term rentals makes me wonder. Any and all advice is greatly appreciated! 

[Bonnie Low]

A studio or a 1/1 can be a great configuration for travel medical professionals and digital nomads. Given where you're located, it could certainly have potential. Issues to think about are shared walls (if you're renting to nurses they need QUIET in their off hours), parking and how easy it is to get to/from work in your area. In-unit washer/dryer is always a plus people are willing to pay more for, but even it's just on site and not necessarily in their unit it will perform better than a space with no access to laundry.