I'd go for the best location, ideally, but without a strong compromise on your funds.

Located in a promising area of Richland, MO, the home was a blank slate for value-driven improvements.

I have to tell you that the price per square foot is a bit higher than the average and there are better locations in Tulum.

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

To pick a location, I understand I want to evaluate median income, a large population of those approaching retirement age, and a decently dense population.

Property located in area of growth. 10.

Just curious if you mean that the tiny home itself is the draw, or the area in which the tiny home is located is the draw.

For pet fees, I've seen monthly fees anywhere from $25-$100 per month, per pet, depending on the location, landlord, tenant, etc.4.

Check for properties with similar squarre footage, location and amenities. 

If you want the houses to be super cheap look at Midwest locations like Cleveland, Detroit, Toledo, Indy, KC, Baltimore etc......