I'm looking to get into the medium-term rental space and I've found a property that fits all my criteria - it's a turn-key 3 bed 1 bath (one bedroom is on the smaller side so I plan to make this more of an office space), located just a 5 minute walk to the largest hospital in the area.I have 2 bedrooms and I was wondering if it's possible/viable to rent out my unit by the room to travel nurses?

I liken cap rates to measuring your fitness level by how much you weigh.

Start interviewing as many property managers as possible and see who is the best fit for your ideal manager.

Even then some things don't always fit and you have to come up with a work around.Hire a separate landscaper to finish it all up for better curb appeal**all in all was very happy with outcome & quality** Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

This is always great, so you can build that personal relationship and really confirm whether you guys will be a good fit. 

Create your financial and geographic buy box then underwrite as many deals as it takes to find the one that fits your criteriaBest of luck!

But ultimately, it’s about what fits best with your lifestyle and goals.

I'm not sure if DSCR limits the number of structures per lot but if so, and you are indeed talking about multiple structures on 1 lot, I think that a commercial loan from a local/regional bank could be a good fit if DSCR won't work.

But I’m thinking of turning it down since being a licensed broker doesn’t fit into my fantasy about wholesaling!  

For me this involves making a lot of spreadsheets, but I will give you the outline.1)Establish risk capacity and tolerance: Capacity=how much can you afford, and tolerance=what you actually feel safe spending2)Use that information to narrow down what is available to buy: The amount will buy you a duplex in PB with 2 1/1's, will also get you a 4plex in Lemon Grove with 4 2/1's3)From there do the research on all of the available units that fit your criteria: This includes, but is not limited to, historical data on appreciation, market rents, historical rental data, and migration trends.4)Don't be afraid to wait for the right propertyI hope that I was able to simplify my process for you in a way that is helpful.