I’m also interested in the Louisville market - given the SF Bay Area (where I live) is too pricey for a newbie like me to start off in - and I travel to Louisville several times a year for work.

Traveling to other states isn’t an issue for me. 

But if you plan to travel back and forth, just make sure you that the people you have working on your property are highly reputable and trustworthy. 

A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.

We’re considering reaching out to local hospitals to offer it as housing for travel nurses and doctors, but we’d love to hear any advice or suggestions on the best approach this?

I have 0 experience managing STR properties, but lots of experience using Airbnb from my travels 😅 I am halfway reading Avery Carl’s book on STR.

That's great that he travels so much but ask him to provide where he rented and where he slept during that time. 

We cater to families and groups traveling for the lake and the bike trails so we designed based on those demographics.

i don't know how you BRRRR out of state unless you're planning on traveling there frequently to oversee it. 

I use the terms -  "corporate furnished rentals",  "short-term rentals",  and talk about my target clients-  Business travelers, traveling nurses, traveling healthcare workers.#6  Knowledge -  Know why STR is better for the landlord than traditional rentals.