Seeking Honest Advice on a Baltimore Mid Term Rentals

Hi everyone! I’m a nurse originally from the Baltimore area but I currently live in Los Angeles. I'm considering purchasing my first property in Baltimore. I want to buy a rowhome as a furnished mid-term rental and would really appreciate advice from investors who know the local market.

My ideal tenants would primarily be traveling medical professionals, visiting faculty, relocating professionals, and families of patients receiving care at Johns Hopkins, UMMC, Mercy, or other Baltimore hospitals. I’m focused on 30–90+ day stays, not nightly vacation rentals.

The property I’m currently evaluating is a renovated three bed, three bath rowhome near Canton/Brewers Hill. It is approximately 1,560 square feet and has off-street parking. The asking price is $359,000.

I live across the country, so professional local management is essential. I’ve contacted several property-management companies, but most of them seem focused on traditional long term rentals. I would love any insight on:

• Property managers who genuinely have experience managing furnished mid-term rentals in Baltimore

• Whether there is consistent demand for an entire three bedroom furnished home in this area

• A realistic monthly rent range (not just the advertised prices on Airbnb)

• Whether Furnished Finder, Airbnb, direct hospital/corporate relationships, or a combination of all of these tends to perform best

• Typical vacancy, management fees, utility costs, turnover costs, and other expenses I should include

• Whether or not providing parking increases demand for mid-term renters in Canton/Brewers Hill

• Any Baltimore-specific licensing, insurance, tax, or regulatory issues I should investigate

The monthly Airbnb asking prices I’ve found for furnished three-bedroom Baltimore properties range from roughly $3,500 to $4,900, with some of the closer parking-equipped comps around $4,500–$4,900. But I realize that asking prices don't establish occupancy or actual owner revenue after platform and management fees.

My conservative calculations suggests this property would need approximately $4,250 per month through Furnished Finder, or around $5,400 in guest-facing Airbnb pricing, to break even after management, vacancy, utilities, maintenance, and reserves. I would be comfortable with breaking even initially if the projections are realistic and the property has good long term prospects.

I’d really value any feedback from local owners and managers. If you think this strategy or property type is a bad fit for Baltimore, please let me know why. Thank you in advance!!