This specialized skill is rare—after working with many property managers in Las Vegas over the years, I found only two I would trust to place tenants in my properties.Contracts and processes must comply with all city, state, and federal regulations.

Open to an existing home with a large lot/acreage.

All these are great investing routes to take - if you were to go the traditional residential rental route, these often offer more stable cash flow, while Section 8 properties can provide guaranteed rent, though with some additional regulations.

There are many duplexes and multi-family existing housing available to choose from. 

How are you comparing the cost of a new build to one with an existing duplex?

Just be sure to check the local regulations before diving in.

.- Our current preferred return is 12% a year, for a 3 year term (keep in mind these funds along with the notes that they purchase exist within a marketplace so returns fluctuate depending on the offering). - ACH payments are received by investors on the 1st of every month, so participation in our fund is a purely passive investment vehicle that's open to accredited investors only (and like Patrick said above, accredited or not, anyone can purchase a note).As an added bonus, investors in our fund can redeem shares to purchase notes upon availability. 

Looking to tap into it without doing a cash out refi to replace the existing rates with current rates.

Focus on growth areas, understand local regulations, and use your rental history to build credibility with brokers and sellers.Good luck!

There will always be demand in the market (it's not like some covid markets that could disappear as vacation destinations almost entirely over the next decade), and the regulation risk is as near to zero as you can get in this industry so long as you buy in the approved tourist zones (again, compared to some smaller/less mature markets where they could outlaw STRs tomorrow).For short period cash flow there are better options.