These homes may be dated, but they can be decorated to a high standard.

The lender must satisfy the standard documentation requirements based on the source and type of income as outlined in Chapter B3–3, Income Assessment.All documents of a foreign origin must be completed in English, or the originator must provide a translation, attached to each document, and ensure the translation is complete and accurate.Note: All income must be translated to U.S. dollars.

If there is not enough STRs in the market you are in then you have to adjust business practices.

There are some teeth to HICPA since it works in tandem with the Unfair Trade Practices and Consumer Protection Law ("UTPCPL").

Most building codes and HUD standards require bedrooms to have windows for egress and ventilation.

As a result, I've increased the rent to my standards and past other landlords' standards who are afraid to go past 10%!!! 

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------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?

And oh I have heard that about the majority of people not actually practicing. 

Focus on one strategy, practice analyzing deals, and take consistent small steps like attending events and building relationships.

You'd be a dang fool to waste your energy or effort's on ANY US standard rental more or less Sec8, are you kidding me?!