If you are using their money for a down payment, are you really planning on renting it to them in a traditional sense or simply having them pay for the mortgage, insurance, taxes, etc (ie you won't be renting it at market value more you are buying the home for them and they are making all of the payments and repairs?

Should we buy and market for S8 tenant or without ?

You will most likely pay more than market rate so take that into account.You will then have to get it all furnished which can cost a pretty penny.

And how does one even market the space if you do not even own it yet? 

Unfortunately for them the market at the time was slow.

I’ve been keeping an eye on the short-term rental market here in Indianapolis, and it’s definitely heating up!

You will get less than market because they are occupied. 

Running a business like that takes marketing efforts, networking, direct booking functionality, and so much more.

My market has a low vacancy rate.

@Katie Magar, @Jimmy Marks, Hi my name is Frank and I live in Arlington TX, I am looking at possible markets within 3 hours of home.