If your product is nice, I believe you'll attract the right kind of renter (factory worker, lineman, etc). 

It’s true that while the 10% down payment for a second home sounds appealing, the fact that rate adjustments are now similar makes the distinction less about cost and more about strategy.A few years ago, I helped a couple in San Diego navigate this exact decision.

WE DO IT NONE-DSCR Investment Property Loan ( Use As-IS LTV) - Max of 75% Leverage, None Leases needed, No Tenants Needed,  We have an Amazing Products and Excellent Team that has been funding loan for long long time.

I left my job earlier this month with the intent of retiring -- not so sure how that's working out as now I'm interviewing as I feel like I'm not being productive (this is an entirely different beast).  

Beware of people with “something to sell” stating how great their product is.

Thank you for your thoughtful feedback—it’s clear that I need to clarify the distinction between my approach and the traditional perception of “cheap rent.”

So at a glance (quick), this seems to be interior products and finishes?

We tend to stay just below our competition with a superior product.  

I had a distinct advantage over my competition who had to do their own courthouse searchs.

its funny how this changes with time and the market on BP  if you asked this question 5 to 7 years ago you get drowned out with the cash flow is the ONLY thing and appreciation is for gamblers my self I have always been about making appreciation games in RE.. by either value add building a new product or buying foreclosure and flipping or lending money and getting instant 12% plus returns .