These tend to rent for a higher rate than traditional long term contracts. 

The residents I've dealt with through the years tend to complain quite abit about the rent and additional fees for things they don't want. 

So, owning fewer 'A' properties or more 'C' and 'D' properties is a question to reckon with.High-end properties tend to increase in value faster than lower-end properties and many people use this business model to get rich.

Most IRA lending tends to be higher rates for much shorter periods. 

But I think someone would be nuts to pay that because of the Reno costs?  

You tend to see higher turnover when it's that small; good chance the property owner or property manager can't find people that a) only want 700 sq ft and b) are willing to sign a 5 year lease. 

As noted, I tend to be risk adverse, but the Cincinnati MSA certainly has properties below $100k purchase price.  

I tend to disagree.

This can add up quickly.There also tends to be a smaller pool of buyers for land than a SFR or MF property.

If anything, we tend to have a higher success rate in closing deals close to our original ask because we don't have as many unknowns going into the deal.