Make sure you run lots of analysis to make sure this market is going to provide you with the results you want.

Are there additional taxes to pay? 

If you're an unsecured creditor, you're kinda screwed as you might only get 10% or your money, but since you're providing their housing, you're likely going to come out OK.

In addition, as a learning experience they can try alternate rent models such as rent by room, STR, MTR. 

-Decide between fixer-uppers, which offer customization and appreciation potential but require more work, or turn-key properties, which provide immediate rental income with minimal effort.Hiring a Property Manager:-A property management company ensures efficient marketing, tenant screening, rent collection, and maintenance.

Businesses that only charge, say, 8-10% on rent and that don't charge ancillary or per-occasion fees are not making any money on the landlord's property, unless of course they are not hiring any staff to provide full service, in which case, I would stay clear. 

My tenant has vacated and there is a new hospital nearby providing a good opportunity to do medium to short term rentals. 

Typically if you call them back, it'll be too late.So I never tell anyone its rented or stop showings until I receive that hold deposit.The hold deposit is not some additional fee - its a portion of their security deposit paid in advance.

The safety of our guests at BPCON is our first priority; we'll be bringing in additional security if necessary and honoring ticket refunds for anyone who doesn't feel safe traveling to Orlando.

Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.