My wife is a nurse, so of course I can't trust her opinion.. :) I need some diehard rehabbers advice as to what you would do in this situation?

Nursing quickly comes to mind because you can get your RN in two years from a community college; plus, as an RN you can make excellent money working nights, or weekends, or part-time.

Ideal for hospitals, schools, hotels/motels, nursing homes and office environments where a highly washable and stain resistant finish is needed. ( http://www.iciduluxpaints.com/ourbrands/PaintCoating.jsp )That's a guess.

My question (i'm only a nurse--not a CPA)--Is there some kind of tax advantage or something that I don't understand, that could be making this investment at all feasible?

Construction workers, pass through, air line employees take rentals short term, some school teachers, traveling nurses might be a part time tenant.

Over the past year that I have been involved with this type of RE development my Mother passed in Sept suddenly and my other Mother (Step Mom) who I have loved since I was 10 years old is now in a Nursing Home.

(Nurses and teachers)“C” neighborhoods are lower-middle class.

Ive talked to some lenders that dont really understand what a travel nurse is.

However, there are a LOT of plans for revitalization and rejuvenation in progress ore recently created (creating jobs, bringing businesses to the area, creating programs with the local colleges to increase education rates and increase the pool of qualified and skilled employees - in the area of nursing, etc, for which there is currently a shortage in this location.). 

Hey Brian, something I would look into is specifically renting out to traveling nurses and other medical professionals.