You will build up cash on a monthly basis that could be used to invest other places either rental properties or the stock market. 

I'm curious of the current market demand for student housing and appeal to rental investors.

I own about 5 rentals in the same city in lousiana.

@David MartinezA quick search on furnishedfinder.com shows a bunch of available midterm rentals in that area so you can use those to help guide your price and strategy.

Verifying last 2 years of rental history very important!

Just ask your real estate agent if they own any rental properties.     

I'm not sure about other neighborhoods in Cincinnati but my properties' area (Mt Healthy) just introduced a City Rental Registration, starting 2025, that costs $100.

There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

One way that I was able to get into my first property was counting 70% of the rental income of the other unit on a duplex.

What are your biggest challenges when designing your vacation rental?