I think whenever you enter a new market you should lay down a base first, but if you are able to travel to the market and thoroughly vet a solid contractor, you will increase your chances of success

I travel pitching the midwest and specifically ohio. if you think a chart like this is going to change investor sentiment I'd do some research.

When renting to travel nurses for 3 month periods, are rent payments considered earned or passive income

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

The goal is to get it updated enough to use as  a mid term rental for travel nurses, so it will be empty some of the year for us to visit.

Exceptions made for business travelers and reservation made by assistance.- Full guest list required for each stay. 

It's not literally scanning your OTAs for openings, but if you knew you had one upcoming, you could set this up in a travel group about that local area and shoot promos out to its members. 

The travelers might only stay a short period of time and only stay for a few months.

I wouldn't go crazy with an accounting software but instead use excel.The other items likely paid for you outside of the PM company are mortgage interest, taxes, insurance, travel to the property, etc.Best of luck.

Many of our clients that are looking at STR are also looking at MTR as Charlotte is currently top 20 in the country for traveling medical professional demand (furnishedfinders), and we are currently one of the largest cities without a medical educational institution.