I have been buying small - mid sized multi family in Chicago for the past 8 years or so.

Sundays are always good for me if we do it mid afternoon.

I would say, you may be able to get lower rates than mid 8s as my lenders are high 7s for a similar scenario but you may be tripping over dimes to save nickels. 

As for the cheaper markets, I would look to do mid term rentals in the Rust Belt near hospitals like the Cleveland clinic to maximize the income to help mitigate the downsides and unexpected expenses associated with those markets.

It is also hard to predict timing if mid-term rentals will extend.

@William C Bruckner I would work on your credit to get it above 660 mid score, above 680 ideally.

The size of the unit was perfect for Airbnb or travel nurse mid-term rental.

We do have some weird bookings in the fact that mid weeks are open all July.

My name is Kathryn, and I'm intending to start a mid-term rental unit similar to yours in the near future.

Hi,Need some expert inputs if it’s worth the investment needed to convert my current property to mid term/ STR with fully furnished.I have a property right opposite to UT Arlington .