We have Long term renters on the main level, and rent the basement to travel nurses.

We have Long term renters on the main level, and rent the basement to travel nurses.

The problem was direction and at that time you could be a mechanic, plumber, electrician etc. or a secretary or a nurse.

Traveling nurses, professors or business professionals sometimes have 30-90 day type assignments and they want something more than a hotel.

The property was built by a wealthy developer in the 1930's as a ~5200 sqft duplex (the mother-in-law lived upstairs apparently), but over the years has been split into five apartments with a sixth apartment added in the garage.A little over two years ago, my wife and I purchased a house to live-in-flip, expecting to make a ~$75k in tax-free profit. 

However, I would like to rent this out to traveling professionals aka traveling nurses, (usually 13 week contracts so semi short-term), or airBNBs (>30days the area I am located has pretty strict airBNB rules so > 30 days allow me to circumvent that). 

For example a single mother with 2 kids and a bf may want the bf to be an occupant in case things don't work out she can make him leave and maintain a stable living situation for her children.

My mother lives there, and cannot pay the mortgage it is technically my home as well, but I pay rent in the bay area.

Scenario:I am in the process of purchasing a high value single family home in California with my mother in law and my fiancé.We plan to live in the home together as our primary residence for many years to come.

Purchase price: $128,000 Cash invested: $10,000 Sale price: $169,000 This house would've been a two week turnaround, but I was in my second semester of nursing school and couldn't give it attention at the time.