It's common for traveling medical professionals to extend their contracts.

LLC Fees, Travel, marketing, etc)You can deduct overhead costs in the year incurred.Costs related to the property are accumulated and factored in until the sale of the property.

I talk about out of state investing all of the time especially since I am in Cali also and we need to invest out of state.My always say you must travel there and make direct connections.

You get the best of everything- cheap, tax free access to your equity, you get to keep your interest rate and you get the cash flow. 

Facebook has mid-term rental groups for traveling nurses, etc.

PROGRAM 2 Owner use up to 3 weeks 40% of Adjusted Gross Standard FF&E in high season & 3 weeks Revenues from the Unit and accessory in low season package required.PROGRAM 3 Owner use up to 6 weeks 30% of Adjusted Gross Standard FF&E in high season & 6 weeks Revenues from the Unit and accessory in low season package required.HIGH SEASON: DECEMBER 21st - APRIL 15th LOW SEASON: APRIL 16th - DECEMBER 20thNote: The following fees are deducted from the gross revenue before the split:5% Management fee, 5% Travel Agent Commissions, 2% Credit Card Commissions, $4.00 per occupiedroom night (TRUMP Fee) & Group meeting fee may apply.Other Monthly Fees: 4% of the gross revenue is moved to the FF&E Reserve account and approximately$20 for liability insurance.Monthly Condominium Dues: $895.57 (These can be deducted from your monthly revenue)Initial Rental Program enrollment fee $500 and $2500 initial FF&E Reserve account contribution.Fees for OWNERS STAYS: In Rental Program (Optional): 1

As for a market, I'd suggest first considering markets where you already travel to and/or have family/friends that live there.

Our guests have ranged from newly hired UNR football coaches relocating their families to individuals traveling for medical care, couples on ski leases for Mt.

Be aware that in many areas this process is neither cheap nor quick.

Our market is small with limited opportunities for the travelers coming through.Thanks again.