It's a fairly unregulated space (charging grandma $750 to puts around for 3 hours, after moving the old box from the horizontal sensor, which was the only problem with the garage door to begin with), so some combination of carefully reading reviews (you have to actually read them to make sure it's not 200 fake reviews), and maybe not giving them the full contract all at once, is in order. 

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

Quote from @Jerome Morelos: Quote from @Robert Ellis: Quote from @Jerome Morelos: I recommend converting an existing space, like a detached garage for example, rather than building from the ground up.

It helps being willing to talk to sellers/get on the phone and talk to folks in the real estate space in general but the most important thing in my opinion is being an honest and true person.

If you are thinking of targeting travel nurses just know that most of the demand is in the 1-2 BR space.

Add to that we have Bethel School of Supernatural Ministry with students (ages vary from 18 to seniors) numbering a few thousand, with no dorm space, and investors have purchased homes and rent room space to them.

Quote from @Mark Waite: Taking my realtor hat off for this discussion and putting on my investor hat.

I'm also considering a separate living room space or maybe some kind of artist studio. 

@Rod Healy Does this helphttps://hello.pricelabs.co/australian-short-term-rental-mark...

My opinion is to invest in the S&P unless you are willing to spend a substantial amount of time learning the space.