I picked up a cabin there in 2021.  

Quote from @Nathan Gesner:Of course there are folks making it work, I just don't believe it's the lion's share of investors.I think the idea of throwing a property on Airbnb with IKEA furniture and little to no plan or research is "dead".

If I buy a house for 150k, put 20k into it, and it's worth 220k - I've just picked up 50k equity on paper.

I'm going to keep nosing around, but if you've done anything with modular homes since your post, I'd love to pick your brain.

Not knocking your market, just giving you a warning that the market you pick will dictate how quickly you get your money back after putting it in.  

Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.

There are plenty out there....you want to pick the right one, not just the first one.   

Check with CPA but furniture has its own depreciation schedule (7 years I believe).Ultimately I would check with your CPA to see if it is even worthwhile, and your lender to see if it is even possible.  

Many will pick this up and require that you change it back to your personal name. 

My main questions would be: how long does the entire process take from applying to actually having possible tenants to start picking from, and how do they determine exact amount for rent (the amounts listed on the housing authority site seem way higher than market rent, I’m wondering if I will actually get those numbers or not)any other general tips or advice is also appreciated!