If you wanted another option and do not need the quick cash you can always build the unit rent it for a year and then sell the property.

It's great to hear that you're interested in providing housing for fellow travel nurses - it sounds like a fantastic niche market.As you're getting started with acquiring rental properties, here are some steps you can take:To start real estate investing, educate yourself on various strategies, including analyzing deals, financing options, property management, and local market trends.

Hey Gladys,Jumping into real estate investing is an exciting step, and it's awesome you're weighing your options carefully.

This is the option I really want to do, but my wife isn’t exactly on the same page as I am.

I am exploring my financing options and trying to figure out what would be the best strategy?

Because of its location there are a lot of short term rentals which results in fewer options for long term rentals and higher rents if you can find one. 

@Lisa JordanSBA could be an option especially since you want to keep the equity injection low.  

Another option is DSCI loans this just uses property rents to qualify not your personal DTI.

Are you interested in long-term financing options?

I am currently using Zillow to screen tenants and had the application option turned on so I have candidates who paid $35.00 for the Zillow application fee.