It looks seemless, modern, and beautiful for cheap.

The paradox of a modern city.)Washington ParkWell-to-do types in old remodeled bungalows and the occasional scrape and build of a modern monstrosity.

Are they the type to think Airbnb is the bane of our modern existence?

Of equal importance is to make sure that you have enough cash to pay for renovations to make it appear new and modern and including adding a game room and/or movie theater and themed kids bedrooms. 

And in the area I'm looking at, some students will pay a premium to live in an off-campus house that is clean, modern, safe, and with other like-minded students. 

The seller is not willing to modernize it. 

Two, daily rental prices for larger 3, 4, and up bedroom condos and townhouses especially have gone up this season dramatically, even more than the purchase prices - to the point that now they are profitable as pure rentals, but only if you self-manage, which is easy to do with smart locks and modern technology.

I know that this is an old thread but thought that I would mention American Modern Insurance Group as well to insure mobile homes.We have stuck with them so far and have found their rates comparable to Foremost.

Our budget here is the same.Once all the internal bits are done we will reside the building - and are planning to add another 1" of polyisocyanurate hardboard insulation {which will require removing and resetting the windows we just installed to adjust for the new wall thickness ... a little rework that we have not found a way to avoid {yet}]Once all the above has been completed, we will conduct our "post retrofit" energy audit to see if we hit our target of scoring 75+ out of 100 with fewer than 3 air changes per hour.As you stated, the long term goal is to keep our buildings attractive to tenants by making them healthy, efficient and modern (while retaining their historic charm) homes as energy costs rise.

Debt like the kind you mentioned in your post is just another form of modern-day slavery.