what you need to do is buy in better areas where the price points are higher and the returns are risk adjusted.. that means paper returns are less.. but you know investors they tend to not think about tenant risk and go for the highest returns on paper..

The pension amount at age 39 is not enough for me to feel comfortable, so my long-term plans are to start a small business and invest in real estate to position myself where I don't even need my pension, and it's just a bonus.

Only you can determine a happy in between, and it can always change depending on where you are in your life. 

Also, the rent amount may include the lot rent if these homes are in communities or land/lots where you pay rent for the home to sit there as well.

People think if they can afford the down payment that they can afford the deal but even in deals where the purchase is 90k or less you will still need to be liquid 25k because you figure:15k to close5k to front contractor to get started5k (6 months holding costs)Insurance and Misc costs: 2kSo you see the life cycle can cost 25k+ even on a small deal. 

The short term rental loophole is for rentals where the average stay period is 7 days or less.

Where’s your money?

Quote from @Theresa Harris: If you use the search function, there are a number of threads on this.Pros-you can rent by the room and make more moneyCons-students are often less experienced at living on their own and may do things that result in repairs (eg wrong soap in dishwasher), higher turnover, more calls to deal with things, higher chance of parties.If you do it, you may want to get a cleaner in once a week to clean common areas (students clean their own rooms and keep the place tidy, wash their own dishes) and you will need to get someone in to take care of the yard.Thank you so much for sharing could you tell me where the search function is 

I'm open to connecting and seeing how/where I may be of service to you.

Most Standard companies do not like a Renovation where part of the structure is occupied.