One of the big demographics in the area that also seem to impact the potential for growth is the household median income.

You are negligent in your tenant training.No household furniture permitted.I would suggest you keep up on your quarterly inspections as she is likely a slob and you will need to police the entire unit. 

Not those sleazy grimy SpeedyCash type loans with 700% interest written in teeny tiny fine print.

The reason is that you will likely pay a marginal more for property taxes after you renovate, marginal insurance premium increase, tiny bit more utilities, and that's about it.

I could put a tiny home (~$40,000) or metal kit house (~$20,000) on the property instead. 

It doesn’t really matter if all the deductions you take is less than or equal to your  standard deduction ($24,000 if married, $18000 for head of household and $12000 if single).

In fact, the only schooling I had after graduating from high school was an audio engineering program from a tiny school called Dark Horse Institute in Franklin, Tennessee.

@Skyler Martinson1) I would probably actually fly out there in order to do the following:* Drive/walk through the neighborhoods* Meet up in person with the property manager2) HUD is involved because my tenant gets some form of government housing subsidies, my tenant actually pays a tiny portion of the rent, most of the rent is paid by HUD

By 2025, Millennials are expected to form 20 million new households in the U.S. 

What's your household income?