Michael,It is true medium term rentals do offer a higher per month rental income than an annual unfurnished rental.

Generally duplex triplex or quad will have better cashflow than an SFR or a Condo so be open to that as wellLook at numbers on 100 PropertiesMake offers (below asking price) on 10Somewhere between 1-3 will be accepted

We have worked really hard to build and provide tools so that there's a low barrier to entry (well, as low as it can be in Real Estate anyways) Here's my rec that could have you looking at dozens of pre-analyzed deals in less than an hour 1.

I would think the biggest red flag would be asking for any fees other than an appraisal up front - would you agree?

If you like property from a buy & hold perspective, I'd encourage you to completely exhaust your refi options prior to exiting.  

I had a bunch of law students and they always had money to pay, but were so exhausted that they'd forget to give me a check. 

I'm exhausted :-)

A guarantor simply guarantees payment, nothing more and before any guarantee might be enforced the vendor must exhaust all prudent collection efforts from the maker of that obligation before making demands.  

Med students are supposed to be great, like law students, because they're too exhausted to party. 

All they do is study and they're too exhausted to party, and spend most of their time at the law library.