I'm considering the purchase of a property in Raleigh, to rent out for medium-term periods (i.e. greater than 30 days but less than 3 months) to travel nurses. 

I'm considering the purchase of my first investment property (in the Raleigh, NC area), to rent out for medium-term periods (i.e. greater than 30 days but less than 3 months) to nurses and other traveling professionals.

Hey guys, I guess I’m just looking for opinions on what others would do or have done, so I have my house which is fully paid off now and I am wanting to cash out refinance to buy my first apartment building.long story short it was my parents house they had a 100k+ mortgage on it and they got divorced and it was foreclosed and sold for 21,500 dollars in 2016, after negotiations we purchased it back for 70k now the deed is free and clear in my name, it’s a big house 6400 sq ft lot 7 bedrooms 4 bath 4 floors (It was originally a 4 apartment building turned into a single family home when I was young then a 3rd floor was added on to it)I ideally didn’t want to buy it back and wanted to move out of the city but I have to take care of my mother as well so ultimately I’m ok with living here while trying to grow my wealth.

One is mother of ten thousand!!!

You have corporate rentals, insurance rentals, skilled nursing.

My first rental is a 3 bedroom STR renting out to travel nurses.

Friends mothers neighbor has passed and her old roommate is still on property.

I am also running a property management business with my mother and have for a year now which has gone ok but we've had to make more repairs for one of the 2 units we currently manage and are getting new tenants for both units anyway since 1 of them costed us too much money in plumbing repairs and the other is leaving because the family is growing and they need to find a bigger place.

I have househacked with multiple travel nurses and this is what they did.

It was originally build as a mother in law property with two identical 1200sqrft 2 Bedroom/1 Bath units.