Condos for traveling nurses

[James Timmins]

I"m considering buying small condos in the $60-90k range within walking distance of large hospitals in suburbs of Arizona/Nevada, then trying to rent them traveling nurses for $1000-1500 per month. I figure condos are easier since HOA covers things like roof, facilities, etc, and if they're cash-flowing, I'm not as worried about the slower appreciation that comes with condos.

Has anyone done this or something similar? I'm trying to determine in advance what I might be overlooking, since this all seems a bit too easy...

[Laura Toomey]

My fiancé and I are travel physical therapists and use furnished, short term rentals all the time for work. We are also thinking about buying a condo up here in Anchorage as a short term rental property since a lot of travel healthcare workers come for 3-6 month contracts. Arizona is definitely a big one too! That’s a popular state for a lot of travel therapists/nurses so I’d imagine you could get it booked fairly easily.  Some of the recruiting companies provide housing in long term stay hotels so hospitals may do the same. We find our housing on furnishedfinder.com. It’s usually specific to healthcare/professionals so you know it’s not someone just renting for vacation. We also find housing on Facebook groups for travel therapists where people can post their rentals. I would use furnished finder or Facebook groups like travel nurse housing to see what people charge and how often they’re filled.