I just haven't been able to find wholesale deals, MLS deals on market for a long time or off market that in this environment allows me to buy for 75% of value.

At least in our primary market (Tampa) I think 2023 created a purge of subpar listings and subpar owner's (get rich quick types) and now has created an environment where the good survive and the best thrive and the rest have died. 

This does not look like the environment where you can do a classic "buy, fix, rent, refinance" . 

Fixed rate debt in an inflationary environment is a wonderful thing. 

Insurance - ValuePenguinPro-business environment: Google searchNo rent control of any kind.

.: I would highly suggest buying an existing community, it is almost always easier and more profitable unless you know what you're doing. logan the issue on the West coast is parks are treated like investment grade props and sell at a very low cap rate even in this interest rate environment. 

Today it will be very challenging as the rates on HELOC’s will be very high.Unless you perform the labor or get a screaming deal, your chances of getting all your money out will be challenging and it may end up being near 100% financing and thus little to no cash flowNot saying it cannot be done but in high interest rate environment brrr makes it that much harder

Could be the just todays market environment.

In this environment I wouldn't put all my eggs in the STR basket.If your insentent on this then you must put a lot of effort into vetting the area, the rules, the property etc to make absolutely sure a given property will cashflow with conservative numbers and what your exit strategy per property is if they don't go as anticipated.

For stocks, in this environment, I would only own large cap companies with a solid history of increasing dividends year after year, and reinvest the dividends which decreases your cost basis over time.