The advantage at least of this approach is that I could walk away, and although I'd lose my 5% deposit, that would likely be cheaper than being involved in a  long drawn out legal process as I continue to absorb holding costs (taxes/insurance/maintenance, etc.).

I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.Couple of key takeaways:-Casting a wide net and not focusing only on traveling nurses for example-Knowing your market and target clientele-MTRs are ideal for corporate travelers -How you operate your MTR is key to success (responsiveness to request, amenities, etc)-Protect yourself with a security deposit and ensure your lease fits your property/marketArticle: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...Curious on everyone's thoughts on this article and overall market trends!

Is there any security and/or pet deposits coming your way?

So the bank is making $63,000 from your $100k deposit minus the $1,000 in interest they are paying you...How is that for a ROI ?

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

One thing to note here though is you want to make sure that you deposit your money through title and that you get a deed of trust on the property to protect your 10k.  

Offer to refund his deposit immediately as long as there's no damage (you handle the cleaning).

Do they want a deposit? 

Once approved, we offer a lease to the tenants, collect first months rent (which we retain) and security deposit (payable to owner)  We also make sure they have utilities transferred and renter insurance in place before obtaining keys for move in. 

The tenants signed the lease, paid deposit and ready to move in.