I myself have a 1/1 apartment on Davis Islands near the hospital that I'm considering renting to traveling nurses.The problem with rental arbitrage is that you need leverage as the renter to negotiate assignable lease terms with your landlord.

He paid monthly for 14 months until he forgot a check, got hit with a late fee, then paid the remaining 10 months in one check.He moved out at the end of his lease with no issues.Of course, this is the exception, not the norm.

When I market my long term (1 year lease) rentals as available I have only ever used Zillow and Apartments.com. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

7) You'll need a good "roommate" lease!

If they’re on a month to month lease, and you’ve offered them a year long lease that they have opted out of, you can adjust the terms of their lease once their month ends.

We were able to rent it out for $4,750/month the first year but the tenants moved out at end of lease in October, and we've been trying to fill the property since.

Some will want to see it, but we have leased our unit twice without showing the property.

Next, if you do another VA mortgage, VA allows you to take your lease and offset your mortgage payment.

You share the lease, you share his payment history, and you give a total of what is owed.