I smell cheese, and where there's cheese, there's a rat...

Your'e looking for cheese with other debt satisfaction.  

., Cottage St, etc...

Long:I bought an AirBnB property with 2 rentable units:  a 1-bedroom MIL cottage, and a 3-bedroom custom home, in a small, seasonal vacation rental market, i.e., no room for additional competition in the market.A local family had a medical emergency and needed to move out of their own brand-new home due to possible environmental poisoning. 

This might mean no home rule cities or cities with CCNs outside their ETJ.Where I live that could1) Save you about $7000 in impact fees per unit.2) Keep the city from being able to block it.3) Not allow the city to impose development standards on the project.4) Force the city to provide the water and sewer.I have considered doing this for a village of 500 cottages built onsite.As always, Jay is exactly right.  

There are a few "cottage sites" out there like Houfy that might be able to capture some market share using different strategies. 

Our little cottage would rent for $1700 mo as a LTR.

The cheapie 1 br, cottages do not appreciate as much as one grand mansion.

-its a 5 acre seasonal park on a beautiful large lake near Cooperstown NY with 30 cottages all owned by the tenants.

Nothing else matters at this point, life doesn't end regardless of your decision.For myself I am a poor landlord, I only make a bit north of $100,000 per year so I need positive cash flow to buy groceries, pay for my cottage, buy my toys and take 2 or 3 Caribbean vacations a year.