They build all kinds of structures, tiny homes, yurts, tents ... cabins, even the barn, and put them up on airbnb, without bothering to ask the county/city, because, there is no neighbor to complain..

Furthermore, my cashflow is a tiny 220/month, 1 month of vacancy and I wipe out 2 years worth of profits.

I would not recommend you get a house that needs alot of work before you learn abit because some things like flooring bathrooms etc you wont know how to properly evaluate the cost of repair without a tiny bit of experience so if you want to do that i would suggest learning from someone or going and finding out all the different price ranges for the following: kitchens, bathrooms, tiles, hardwood, plumbing, elect, roof, AC, carpet.

Each unit is about 450 sq ft   each, which is pretty tiny.  

Your monthly cashflow of $470 is a tiny percentage of the $5290 rental income.

They think that these tiny towns that are booming will get week kneed at their cash and fold.

That's extremely tiny and dependent on one industry.

I'm a new PRO member, as of about 3 days ago, and an investor with a tiny bit of experience in rentals and fix and flips.

Also your sample size of 100 is tiny.

From what I can tell, it appears as if this holding company bought a bunch of horrendous, tiny, old distressed properties in 2002 and then tried and failed to sell them off in 2010-2011.