Has anyone built one on their property? I would love to hear your experience and financials with it.

.; settling and cracking foundations, poor materials and design, etc.)....of course, there are also plenty of old properties that are dumpster fires, and plenty of new properties that are excellent...it varies from property to property.Personally, I like well-maintained old houses because most significant issues (like foundation settling) either have occurred and are clearly visible, or they've been addressed...whereas a brand new house can be a dice roll (you're basically the guinea pig who gets to be responsible for any teething problems the house might experience in the first 10-20 years of existence).People who say "new properties are less work" are demonstrating their lack of experience--a new property is not always a guarantee of less work, and new properties sometimes have problems that old properties don't. 

It isn't a tiny school at 12k plus students and is the 4th largest university in WA.

My husband and I are trying to purchase a small piece of land to put a tiny home onto.

I also think tenants clearly expect more for this price range, but I am reluctant to fix every tiny thing for a short-term tenant. 

The only time I would ever consider buying a property without seeing it in person is if I had Warren Buffet-type money, and the property was a tiny fraction of my net worth--and even then, I'd only do it if I had a highly, highly skilled realtor and inspector on the ground who I had a long history with, and who had repeatedly proven to me that they understood how to inspect and evaluate properties, HOAs and neighborhoods.As for the HOA: My impression is that most HOAs around SLC do not allow owners to rent their units...if this HOA does allow you to rent, you'll want to do serious due diligence looking at the HOA's contracts, asking about the structure and governance of the HOA, investigating how easily the HOA can change their contracts and how often they've changed those contracts in the past, polling the HOA members and the owners in the HOA on their opinions about owner's rights to rent their units, learning about how easy it would be, and how likely it would be for the HOA to ban renting or do anything else that could up-end your business model, etc., etc., etc. 

@Robert Carpenter I think manufactured homes including modular and tiny homes will have its place in the US.

I was planning to fill the sill/joist space with foam and kit any cracks with it as well to make air tight.

The foundation is only 10%-25% visable and there are some cracks, as well as it being built with lime mortar.

Tiny Good luck