There are some local job workers including school teachers, 6 or so Sect 8s, 3 retirees and 3 'absentee' renters.  2nd home folks who like the area and have family there but have houses and lives hours away.The vacancy rate when I bought my 1st apt bldg there in '03 was 20% and I was buying at a 14 cap. 

Tomorrow - or even minutes from now, it can be different.The real value is in the credit report resulting from that pull.A recent retiree could have sterling credit - until their income becomes one quarter of what it was when they were working.Anyone can have sterling credit - until an illness or injury lands them in the hands of the healthcare syndicate.

Retirees aren't able to sell their homes for what they thought they were going to be able to, therefore, they must stay in them instead of downsizing.

But I also think that you have to look at the fact that MS Gulfcoast in an area of not only tourists but like Florida a bunch of retirees and it is a functioning city (so to speak) it isn't simply a seasonal tourists area.Like you I also wonder how it worked out for the OP.

You'll find tons of moms or retirees who want to make a few bucks from home.That was for the "different" in your DM marketing.Now let's go to the "persistent".

Few workings supporting more retirees is a bad mix for long term sustainability.

All those lazy retirees, students, single moms and all those sick or handicaped/physically challenged people, where di they come from and why are they even here?

Infrastructure spending is expected to top 5 billion over the next several years.c) Vegas has become a major destination for retirees because of no state income tax, the weather and plenty of things to spend their entertainment dollar on.

Also I'm often selling the "financing" not the house which makes a big difference.That said, the house that I'm in now I'll probably go with an agent, strange, smallish market I'm in, and a bit higher priced, often selling to retirees.

I am trying to find a niche for myself and I can see providing affordable housing to retirees being a part of it.