Renting to SU students can be a complete nightmare because they can be heavy drinkers and destructive. 

We're looking to rent out our property on a room-by-room basis to travel nurses or co-op students.

Although there are tons of student rentals, there arealso  tons of post-grad students, resident physicians and other faculty and staff (not to mention the non-UI demand) that make great renters for multiple years. 

(Short term rentals, mid term rentals, long term rentals, student rentals, sober housing, single family rentals)How much capital do I have to invest?

That is all changing with the development The Pearl, which will also increase the demand for MTR as there will be more students, doctors, etc. coming to the city for months at a time. 

The property cannot be valued in the traditional way, which is why I'm seeking a private lender who will value the property in a commercial-style method via the cap rate.Source of down payment funds: Implied equity (refi)Income Source: W2 for both my wife and IGross annual income (between the 2 of us): ~$300kMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: Student loans, rent, and what exists for this tiny house.FICO: 725Credit issues: noneThanks for reading this far!

Student loans were so low interest I left those for a long time bc it was worth more to invest my money then pay offI am in the Cedar Rapids area, Mount Vernon, Iowa City

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

My other options would be to Airbnb it (property close to Morgan State, JHH, and more) or rent it out to a regular or student tenant.

Monthly we have brand-new never done this before students join.