Is new construction of small homes smart for rental?

[L R Wadsworth]

I went against the grain and built a tiny house to rent. I was able to squeeze a 512sqft 1/1 house in a $42k budget without financing. That’s land cost and permitting fees included. It was rented @ $550/month before the build was completed. Maybe I’m onto something or is this a shaky investment? Lots in this area are cheap and it’s near a large employment facility. It’s ideal for contractors with no long term commitment.