That might be especially attractive to folks who want to shed the clothes they wear at work to keep their living space more clean.

The best strategy is a well diversified one and using great copy to attract the guests you want!

Vacation rentals are usually much nicer, are close proximity to attractions (beach, mountains, lake, theme park etc) and have nicer or more ammenities.

If you want to keep the architectural attractiveness of the house, it usually runs a bit more expensive.  

The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

It makes the property more attractive to students and can justify slightly higher rent.

I'm starting to look closer in Portland and Eugene and think Eugene might be particularly attractive because of the large university.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

The benefit here is that I cannot get behind on taxes and if I fall on hard times and my buildings are empty, my rent payment is based on my income, so I guess that is attractive.

@Michael NguyenA lot of it depends on your market and what is more available and attractive.