You need to improve the property to improve the tenant.

On the other hand, these both are markets that are growing steadily so once you improve the property the equity is there.

A two bedroom 1,300 sq ft cabin is going to go for way less than a 2 bed, 2,400 sq ft cabin.One of the issues out there too is that some are setup as legal 2 bedroom cabins because of the septic but then they have lofts and such that allow you to rent them out as 3 or even four bedroom cabins to improve the rent.You mentioned one nearby you with a similar layout.

Quote from @Lorraine Hadden: What are some strategies you have used to improve or rebuild credit? 

We do some cosmetic improvements to bring homes to our standard, typically carpet and paint, upgrade lighting etc.

Larger properties spread your risk.Be Ready for Some Sweat Equity: Many first-time house hackers underestimate this part, but putting in a little elbow grease can drastically improve your returns.

You can reevaluate selling in a few years when interest rates improve and more buyers get into the market

I can make improvements that increase the value.

I improved the structure What was the outcome?

@Maria JeanetteHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds.