I'm not in that market but I would recommend finding off-market deals, targeting distressed properties, or focusing on smaller multifamily units in less competitive neighborhoods.

Maybe a family in your area has a relative that would like to rent nearby but who doesn't think now is a good time to buy in this current housing market.You might even find someone who likes to target practice if that's a safe activity in your area. 

Please advise on the target rent $ to be listed out. 

Highly reccomend @Denver McClure as he is a great resource for coaching.

Hey BP, I’m on the verge of starting a month to month, furnished rental (traveling nurses being the target audience), and hoping to connect with investors that have utilized a similar strategy. 

Welcome to BP - you've come to the right place for resources on real estate investing!

If you’re targeting healthcare professionals or insurance-related tenants, these platforms are definitely worth exploring!

Quote from @Brian Bowen: Is there a good free method or resource to find owner contact information?  

Are there particular tools or resources you recommend for finding and analyzing comps accurately?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.