I've been seeing intense competition for reo's, shorts, and some retail for quite some time.

Airbnb could generate more income, but will be much more time intensive.

Again that method only works for a small group and can become pretty time intensive. 

It was after all this work and effort and the intense competiion that I decided to take the 10 million we had ear marked for foreclosure and become a HML  made as much if not more and let others do all the work   LOL....

I have quite a few of them that do well, but  I'm local and can manage my properties is a little more intensely than the out-of-state owner

I am in the final home stretch of an intense 1857 historic rehab.

At the end of the day of course its a hugely capital intensive business you either need to have a bunch of cashed up investors your going to broker their money for..

I have a couple of units in Champaign/Urbana and the student rentals can be a little more labor intensive but also have a lot of upside.  

Make sure you own the land underneath and that it has potential and don't leverage.Be prepared because mobile homes are management intensive and break all the time.

I would absolutely recommend using a contractor that is a NACA veteran because the process can be paper intensive.