@Tyler Rayman I do medium term rentals in my multifamily (8 units altogether) and rent often to traveling nurses.

Once the initial setup is finished, how often do you visit?

Often times, I advise folks to start with HML or PML and the refi into a DSCR loan with a bank/CU when the property is stabilized.I am going to assume that a HML/PML loan would be at a higher cost/rate than a bank that would play ball, so I would prefer that if possible...

You'll need patience as these opportunities don't come often, but it can be done. 

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

In most states, foreclosures can be very risky:1) They are often occupied and you can't approach the occupants to see the interior.

You can often charge a higher rate and/or deposit.

Often these are wholesalers posting crap properties, but you can start reaching out to people to connect for coffee or lunch.  

We often take over "turnkeys" and find them a bit of a mess.That's why we started doing BRRR Turnkeys for our clients where they buy a fixer-upper and we renovate to THEIR standards, find a tenant and manage for them.

However, I don't feel the majority of tenants are considering that when trying to find a place to live.