For midterm bookings (1-3 months) we list on Furnished Finder and market the property in Facebook groups designed for travel medical professionals and landlords to connect. 

No one would tell a 1st year medical student to do surgery just so they don't have analysis paralysis, yet I see this everyday on real estate forums.  

I'd recommend researching areas to see that they have:- Low unemployment- High demand for housing - relatively low inventory- local job creation/booming local economy- high avg/median income- increasing population- low average days-on-market (DOM)- history of rent and property value increases YOY- low crime- highly-rated schools (or above average)I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

Hi Joseph, You would need a 2 year seasoning period to qualify for a government loan (FHA) and a longer period for conventional unless you had a documented hardship situation, such as medical illness, etc where the loan can underwritten manually. 

Not going to be a huge cash cow per bed, but with the amount of people moving here (looking for a quick cheap sublease till they find a place they really like), students, and temporary IT and medical workers I don't see myself having any problems filling the other two beds for at least $400/month.

Another thing to think about, Columbia has two major hospitals and some smaller medical facilities.

Think isolated towns that are still a hub for rural communities, have a decent medical base, a college or two or three or military nearby. 

The plan is to maximize the space we have and rent as midterm rentals to medical and business professionals.

We are trying to figure out a business to put in there, the one issue is there is not a whole bunch of parking on this street or at this property (could maybe fit 4 cars in the building lot, the street parking varies), and the nearest lot is about 700 ft away, across a busy-ish street that does not have a crosswalk on it.

For example, if the property is currently vacant and you intend to lease to a medical practice, you should make sure the zoning regulations permit the use of the property as a medical practice.