In Knoxville those homes usually need extensive repairs - unless they are studio condos in not very attractive markets.

I live in California, and from a price standpoint, other states look much more attractive for investing.

I also recommend you list on Zillow & Furnished Finder to attract additional bookings. 

Most people think you need to own property to make rental income.Not with midterm rental and corporate housing arbitrage..Here’s the play:➡️ Lease a 3+ bedroom house for $2,500/month➡️ Legally sublease it to relocating families for $5,000/monthThat’s $2,500/month in cash flow (before utilities).With utilities ranging $300–$500/month, your net cash flow is still $2,000–$2,200/month.That’s $24,000–$26,400 a year per house from a property you don’t even own.This isn’t about chasing tourists.It’s about providing real housing at 2–3x the profit of long-term rentals — without the headaches of Airbnb.I teach people how to do this step by step, just like I’ve done myself:✅ Securing landlord partnerships✅ Setting up properties the right way✅ Attracting reliable tenants on autopilot➡️ Connect with me for more strategies on midterm rental and corporate housing arbitrage.

what is attracting you to this? 

If you need 5-10% return on your money for it to Continue generating, then notes offer an attractive spot. 3.

I have multi family clients in every county from central jersey to north jersey,  I will say from ROI to laws there are more attractive markets. 

@Juan David Maldonado if it is a new hospital and not a relocating hospital a 3/2 initially it is likely going to appeal to relocating tenants as I expect they would attract staff to the area.   

I’d suggest keeping an eye on neighborhoods near Purdue as well as areas with easy access to major employers as they both tend to attract stable tenants.

This deal was attractive because it required no repairs or lengthy projects.