Several reasons for this.There is an abundance of inventory available for prices far below what you can build a new property for.Tiny houses are going to dramatically reduce your pool of interested buyers and tenants.Short term rentals work best in vacation destinations with a lot of tourism.

We purchased (January '21) a newly constructed home located in 78721 that is in the FEMA 500 year floodplain, but based on Atlas 19 is now structured as a 100 Year Flood Plain.We are looking at designing the backyard and ideally adding a pool with a "pool house".

Most brokers will have their own pool of investors and all of their deals go to them before they go to sites like crexi and loopnet.

Lots of stories about people investing in their backyard, but sunny SoCal is not the place for us due to CAP rates, etc, etc.

Or are you all pooling cash and buying without financing?

These actions will just spread their loses over their huge rental pool at a higher price point so the net profit will end up being the same.

Game room with arcade games, pinball, pool table, shuffleboard, darts & Big Screen TV'sThen there are the peacocking elements (Things that catch someone's eye and make your place unique): fire pit with custom octaganol bench swings around it, a tee pee on the grounds, yard games, swimming pool with a water feature or LED Lighting. 

In addition, we have lots of New Yorkers, so you would feel right at home, but with sunny days in the winter! 

You will get higher yield on a furnished unit, but probably a smaller renter pool.

In order to explain this to Gary, I gave him 3 examples.Example 1If you put in a pool in a property at a cost of $40k, how much value do you think it will add to the home?