However, converting these into desirable, owner-occupied homes could capture untapped market segments, particularly as economic conditions improve.Age Distribution and Market DemandDiverse Age Groups: The presence of young adults and an aging population suggests varied housing needs—from starter homes to downsizing options.

And their roof loss settlement is "variable by roof age", not actual replacement cost, nor depreciation adjusted (most insurances will hold the depreciation portion of a claim till the repair is done and only then release the funds).Make sure you compare apples to apples when shopping around, pay attention to what they give you for "free", what deductibles apply and when exactly you can get coverage from the insurance and to what limits.

I relate pretty well to college-age students being in my mid-20’s so college towns certainly are attractive.

Unfortunately, jurisdictions seem to be applying it by the age of the unit and not by when the unit becomes a MF.  

Properties that are easily accessible tend to be more attractive to renters and buyers, which can result in higher property values and rental income.Demographic TrendsThe demographic trends of a particular location, such as population growth and age distribution, can impact the demand for housing and rental properties.

Mica - This is an age old question and one that you'll have to weigh the pros and cons yourself.

Gen Z may be leading a revival in the trades. 1) In an aging population, the median age of electricians, mechanics, and plumbers is falling. 2) Vocational school enrollment is growing faster than at 4-year colleges.More young folks are considering the trades as a career.

I know I have more knowledge in real estate than you just by the basic difference in our ages. 

I am thoroughly impressed with the knowledge bank here at BP... very enlightening and always timely... despite the original post age :)

@Ruchit Patel...depending on ages of the people in your family, the reverse mortgage is usually a tool to help with this type of situation.