A bad PM can kill a good decision.If you can't find a quality PM in a particular market, don't invest in that market.

Connect with a quality broker in your area that can shop the various companies for you and find you the best deal without compromising coverage.

@Jeremy Kossler  look at what is backing the fund. .thats critical.. what you can do is get really good performing 1st TD's on high quality assets that will pay this rate ... as opposed to what is backing this particular fund..

Quote from @Nina Ning: I'm screening applicants for my rental.

(We discussed the "problem tenant" situation above, and I believe it was an anomaly and not necessarily due to poor tenant screening.)

I did a survey last year and spoke to 8-10 lenders and they all said they wouldn't add extra value to the property based on it being a working STR.You need to check comps of other mobiles in the area of similar quality and price it accordingly.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

It's all over the place and landlords have far less hassles with an arbitrager that was screened just like a LTR tenant, then a 12 month live in the property tenant. 

@Rud SevCap rates in NNN deals are influenced by factors like tenant quality, lease terms, location, and lease structure.

Specialized policies, contractor recommendations, tenant screening, lease agreements, utilities, and exit strategies are also important.Good luck!