Lady needs her meds...fine. 

Not sure if that is your demographic, but Orcale moved HDQ to Houston, you have med school there and MD Anderson and plenty of medical workers, big airline worker population, oil business great today, Exxon just moved HDQ there again, many other companies moving there. 

I know that area is big for professionals and professional students such as med students.

That seems low to me, based on the fact that this is a flat, dry, usable and partially developed 1 acre in the U-Med district with an older but well cared for 5/2.

I'll find a relator to jump through all the "scary" parts for me :D

Meantime, this is what my agent suggested for policy, it comes out to almost $100 /mo, so I am doubtful:dwelling 150,000 liability with 2500 deductiblepremises 350,000 liability 500 med. includedthere's a pre 1930 built surchargerawhouse chargepremium comes to $1,107  - does it sound too much or about right?  

I am giving one of my duplex's away for this very reason.. it can only be handled by locals. and the cash flow is so small as to not worth my time in the least what are you going to do with a few hundred bucks a year. if you travelled to the property your cash flow just got eaten up... spend the money on a great vacation.you can get some killer curises in the med or the Austrlia up to the Bora bora type for that 15 to 20k that will be more fun and better memories..

I would think one of the challenges will be offering terms that you can make a good return on, but were they're not so oppressive that you force the borrower to refinance as soon as they can.That, and if a commercial property can afford to service the debt with hard money terms over the long-term then the reasons why the borrower would need hard money would mostly be due to borrower issues (credit, income, etc.)You're OK as long as those issues remain in play, but I would think most borrower would look to remedy whatever shortfalls they have to seek conventional financing ASAP.That said, I believe that while you may not retain too many notes over the long haul you can no doubt find short to med-term success with this.

Currently I'm looking to network and connect around Springfield MO and San Diego CA (pretty random I know, life of a med student).I'm excited to get to know this community!

I'm not really trying to hone in on one type of guest seeking MTRs, it is a decent location for travel nurses, med students, anyone looking for temp housing while relocating.