This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

I would like to rent it out to traveling nurses or corporate rentals since there is a very large Navy Base there and also 2 hospitals.

I own 2 rental properties but travel for work.  

I was looking at doing a combination of LTR and MTR/STR (to travel nurses/business people) to have a little better cash flow. 

My friends now are on different wavelengths when we travel due to my financial trajectory being much different.

As of now, fix up the property to build equity then begin renting out to travel nurses in one year.

Indianapolis hosts a lot of events so people travel into town for all sorts of conventions.MTR market is also strong as we have a lot of hospitals downtown as well as traveling professionals who need furnished housing. 

There is definitely a market for mid term rentals in the Nashville area due to the medical hub of West end and several other large hospitals in the area.

Lot's of people traveling for work might target Eastie for a STR.

The problem is their only source of income is the husband's medical disability check.