You may also want to consider renting month-month or airbnb it for 30+ days as you wait for your permit. 

Your input has reinforced my own observations of the DC metro market over the past three months.

A couple of months ago I had an opportunity to put one of Jimmy’s techniques into effect.  

Each month that would save 600 gallons and each year 7,200 gallons.

I'm working with some local brokers to find off market deals to aid in the time aspect.My wife and I have an 18 month old and another joining us in a couple months.

It currently brings in a NET cashflow of $1,000 a month in Washington!

For $1-2k per month operators can generally hire a dedicated local 'Superhost' or experienced local manager/cleaner while enhancing the quality of services rendered.

Ideally, a location near a hospital or other attractive amenities is ideal.The upfront investment you would need is the Security deposit and 1st months rent, and cash to furnish the unit.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

@Daniel KimPrivate lending could get you $14K+ a month.