If its near a hospital, you could build a house and make it a Medium rental.

As far as HOAs go, most have a minimum 30 day rental, so it’s no problem for a medium term rental, but some are longer, so you just have to read the CC&Rs. 

They also have much higher maximums than some private lenders, so if you are looking to take down a luxury property or even a medium sized multifamily deal quickly - these types of lenders can be a great resource. 

Hello Everyone,Last year, I purchased a property using a DSCR loan for a medium renovation.

I've spoken with other knowledgeable and experienced NY CPAs about this, as well; some would source it to NYC and pay city tax, others wouldn't.I have my own thoughts but, considering the medium of communication (public forum), I'll reserve my opinions.

I also heard a podcast where someone does medium-term rentals for rotating nurses, etc. 

@Isaiah Wilson - I have a medium-term rental lease that I can share with you for free... that said, I totally agree with that you should use a state-specific lease.

It would be inadequate to do the analysis.HOWEVER, you can absolutely use an IRR calculation and compare the two strategies over the same time frames.The point is that if you do the IRR for targeted properties with all kinds of variables, you will be able to take into account any kind of strategy, regardless if it is high cash flow and zero appreciation, medium cash flow and medium appreciation, or zero cash flow and high appreciation.My posts are not about which is better.

Perhaps if you shared what your medium/long-term goals are we could help a bit more.

You may also consider medium-term rental, traveling nurses, corporate housing, etc.