Purchase price: $22,000 Cash invested: $35,000Currently rented. 1999 3 Bed 2 Bath Mobile Home Updated kitchen and master bath.

Furnishing is usually 12k per bedroom - it's also shown in rei-lense.Since you're going to use it yourself it might qualify as a second home and get a better rate.HOA is always a risk as they can limit the renting options available at the moment or come with additional expenses.And, to get the most of AirBnB you'll need to put some more into it.

I’m not making much on rent and the house needs HVAC upgrade as well as cosmetic repairs.

I’d personally rather receive a little less rent and have the tenants cover this cost.

Is there an acceptable max percentage to increase rent? 

Can they pay their rent in 2 payment or 1 lump sum.

I currently rent to up to 10 people however, most rentals don’t include more than 4-5.

I have a half dozen years of experience renting out a few single family homes and am looking to bet big in a different market.

Open to the entire state, considering all the numbers work, from construction costs to renting out the entire building when completed.

Try renting for two years and work on improving your credit.