Getting Started in MTR in El Paso TX

[Ashley Kroft]

Hello BP Investors!

My name is Ashley Kroft and my mother-in-law has a property in El Paso, TX that will be refinanced soon to purchase my husband and I's first rental property. Now, the house that is about to refinance, I am thinking of turning into a MTR for traveling nurses, or other professionals as such. I am wondering if anyone is El Paso is doing the same thing that could help guide me in this process since I am a complete rookie as an investor. 

I've tried to research laws and regulations for MTR but there hasn't been anything set specifically like STR.

I have noted a few medical clinics/hospitals near the property that I was thinking of reaching out to ask if they hire traveling nurses and if my property could be considered for their stay. I have a 3 bedroom 2.5 bath and was thinking of rooming 2 together since I know a private bathroom is a must when rooming with a stranger. 

I am asking for any guidance on what else to look into for MTR to make sure this is the right decision for my mother-in-laws property.

I appreciate your time reading my post and answering my questions!

Ashley

[Jeremy Jareckyj]

Typically, most cities allow for 30 day minimum rentals. MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.