During peak seasons, you can maximize income with STR, and when things slow down, MTR for guests like traveling nurses can provide steady cash flow.

MTRs are great, and there is a lot of opportunity with the different medical facilities in the area, as well as the influx of military and the gaining popularity of MTRs among the general public, not just traveling nurses.

If managing the STR is no longer sustainable @Robbie Shiver, here are a few alternative options to explore:Mid-Term Rentals: Consider marketing to travel nurses or corporate relocations for stays of 1-6 months.

Has anyone had any experience in the assisted living/nursing home complex type of developments?

Quote from @William HooFatt: List Your Place - Travel Nurse Housinghttps://www.travelnursehousing.com/ListYourPlace?

@Jahid M.Starting a rental business involves researching local regulations, using platforms like Airbnb and VRBO for short-term rentals, targeting mid-term rentals like traveling nurses or business professionals, and considering Section 8 tenants for stable income.

A lot of people assume the rent-by-room model works best for travel nurses.

We spent about $9,500 on furnishings including furniture, electronics, kitchenware, bedding, towels, etc. for our 2/2 condos.Lastly, Furnished Finder is known for providing tenant leads for travel nurses (about 40% of their travelers are nurses), but a broad range of professionals, relocations, students, and others use it too.I hope this is helpful to you, all the best!

Therefore, the only patients a nursing home like this could get is state Medicare, which does not pay enough to cover anything other than MARGINAL costs.  

Management can be hard, but I had good demand from travel nurses for budget room rentals when I had a furnished rental in San Jose.