The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

It worked out great and I didn't have a single month of vacancy.

I'd suggest focusing on your goal to purchase another multi-family, or single-family home where you can charge travel nurses per room/bed monthly rent.

This is for a 3 bed/2 bath single family rental home.All input would be appreciated! 

Not one single example, yet everyone pushes it like it's the ultimate protection policy.As stated above, the best protection is to follow the law, treat your tenants honestly, and document everything. 

Got a question for the Jersey City hosts - I bought a single-family home recently and plan to rent out some rooms.

Normally it's single family or multi-family that's the easiest place to begin.

if someone has $500K in cash, and has been analyzing deals for 5 years, and hasn't made a single offer... that's analysis paralysis. 

I would also contact the tax pros in the header and get their opinion and maybe utilize them for that reason. 

Single you get 250k exclusion of taxes, married 500k exclusion of taxes on profits.https://www.irs.gov/taxtopics/tc701