Many of these seniors are still living in SFRs, while some have moved into multi-unit nursing homes and assisted living facilities.

I'd also focus on markets where people really want to be, and are relocating to, as I don't think the traveling nurse population is nearly as large as advertised, nor stable and reliable. 

You could look into possibly doing an MTR (medium term rental) and cater to travel nurses if so.  

Another is graduating in the Spring with his BA in Drama/Theatre, another is starting Nursing school, etc...

Currently putting her through her Nurse Practitioner master's degree (this means a good deal of our income is paying for her school currently), after which am seeking to continue investing in passive real estate with the idea of building a large portfolio of residential and perhaps eventually commercial real estate as time goes on.I'm looking forward to networking with you all and learning as much as I can, and hopefully giving back to others in my own way as well.  

He is now in a nursing home and not quit in his right mind.

Nurses love their doggies.

I love that you are a nurse and trying to break into real estate!

However, nursing is no longer a career I want to pursue in.

I've listed some of the pros and cons below.STRPros- Higher rates, higher upside if fully occupied- More flexibility to adjust rates depending on time of yearCons- More time consuming (both from filling vacancies and preparing for and onboarding new tenants)- Potentially, more volatility in cashflowMTRPros- Less volatility, steadier cashflow- Less time spent finding new tenants- Attract different types of tenants like traveling nurses, who are high qualityCons- Can't command as high of rates as STR, but still higher than LTR- Harder to take advantage of seasonal increases in rates during Seattle summersLet me know if you have any other questions!