This is not “student housing” in the traditional sense - even the vacancy risk doesn’t exist as it’s a 12 month lease / they work over the summer there, etc.  

I hear you, I think the price of turn key STRs are almost impossible to make money on in the traditional markets. 

Often, traditional lenders offer better rates, which can significantly improve your profit margins.2.

You also don't need to do a traditional long term strategy, is there a draw the  area that playing host to a traveling nurse or other professional/student would be interested? 

Hello,I recently transferred my traditional IRA into a SDIRA / checkbook LLC account and am working on closing on my 1st investment property.

The seller is open to seller financing, which presents an incredible opportunity to grow without traditional bank financing.

Honestly have never touched the traditional mortgage side of the bank. 

The first misconception is that you can declare a property headed onto the market only S8 eligible, refusing to consider traditional applicants.

I see some conservative areas here who would traditionally support private property rights coming down heavy against STRs.

-> Funding: you can consider as options mortage brokers who can scout/compare the best offers in the market and you can also consider public funding programmes that exists as an incentive to renovate and bring houses to the market, either for tourism or traditional rental.As an example, on the traditional rental there is a funding program ("Arrendamento Acessivel") that funds up to 90% of the project and can be used to cover part of the renovation costs, as well as, part of the purchasing.