Narrow it down to the few markets that offer plentiful of options and pay them a visit.

There are plenty of other types of travelers looking for furnished spaces, but these are two of the biggest groups.

Tenants actually save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

. :)That's what best suited our particular skill sets but there are plenty of ways to make money in real estate.

Plenty of people invest in single family homes, if that is what you've decided to focus your investing on then you really want to get comfortable with the numbers and costs so you can plan accordingly and put yourself in the position to be able to buy the future homes. 

I am a little further West in Chicago, but I can tell you plenty of my friends have used the rent-by-the-room model and the cash flow is amazing. 

This will give you plenty of time to turnover the property if needed

Welcome to the BP forums @Justin Gallagher as you can see we got quite the Columbus Mafia on here so plenty of knowlege and wisdom being shared. 

That's plenty of time to find something suitable or hit up his wealthy relative for assistance.

If they say no, then you'd be able to start marketing the property as available in a couple months and have plenty of time to fill it.