I believe the interest rate is a bit higher than your normal mortgage.

I'm starting to feel discouraged, and wondering if anyone has any recommendations (wait it out or sell), or if this is normal(doesn't seem like it)?

Opinion has no place here.Note:Luck is 50-50.What everyone is content with and labels as "normal" is 0.03-99.97.

It creates a lot of friction with other tenants and normally creates a poor work life balance for the manager.

the tenant. arbitrage would be someone having a long term rental agreement (usually at least a year) and a landlord isnt normally going to be paying the utilities in those cases

from an insurance standpoint it would probably dramatically raise your insurance costs as treehouses are normally looked at as a huge liability for injury.  

Unfortunately, the younger generations are being told they can have everything they want right now by borrowing money from someone else while quitting their job, driving expensive cars, and drinking $8 coffees and DoorDashing dinner every night.

Perhaps someone with more intimate knowledge of the area can validate or dispel the type of neighborhood this is but it’s normally not good if that’s one of the first things to populate on the internet.

A lot of other markets 20 years from now could be ghost towns with little demand.But on the flipside, that safety/security comes with lessor immediate returns, as is a normal balance with investments (more risk traditionally equals more short term gain potential). 

Even if prices cool a bit, that’s normal.