Here is the link for it.https://dealcheck.io/s/-NkG99mC96Dahz1Epi40 Some questions:20K for rehab costs (rounding up for any change orders). 

Not that Omaha isn't a nice city, but you will get nowhere near the number of year-round tourists or gross revenue as you would in a vacation destination.2.

✓Second Home Requirements must be occupied by the borrower for some portion of the year is restricted to one-unit dwellings must be suitable for year-round occupancy the borrower must have exclusive control over the property must not be rental property or a timeshare arrangement1 cannot be subject to any agreements that give a management firm control over the occupancy of the property must be underwritten in DU and receive an Approve/Eligible recommendation, with the exception of high LTV refinance loans required to be underwritten in accordance with the Alternative Qualification Path (see B5-7-03, High LTV Refinance Alternative Qualification Path).1.

If the borrower files BK and makes the payments, over the long haul you are also getting a round a 12% IRR.So to put this in perspective, you could give someone with 800 credit a hard money loan at 12% (and add points) or buy a loan where the borrower is defaulted, in foreclosure with significant risk and get less $. 

I figure $200/month year round is more than enough to cover heat. 

The proper legal structure and estate planning round out any good asset protection plan.Property insurance.

You'd have to acquire a home that already has a student rental permit in place but even then, as some others have stated, the students are here year round so an 8 month lease wouldn't work.

Note - as I mentioned at the beginning, it's all about the project and business that you want to be in - if I was going to buy a short-term rental I would look at areas that have year-round desirability such as Arizona, Tennessee, and Florida. 

IF they are seen as guilty in round 2, I don't expect major changes.

I am currently eyeing Austin TX as a location to acquire a STR rental property. with the city growing and intercontinental tourists visiting year round I think STR is the only way to break into this hot and high priced market.