In Texas, landlords can impose a maximum security deposit, which is normally equal to one month's rent.

Normally when you hear cap rates this high the expenses are not calculated correctly or certain expenses are omitted (no vacancy loss, no management fee, light on repairs etc). 

For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply. 

I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.

I've helped my sellers find rentals in between homes or help clients' kids find a rental, so I've dealt with MLS rentals, but I don't normally handle them. 

Sure there can be wholesaling involved, but this is not normally the quick-flip.Fun fact, I saw this thread before I bought into VestRight (lurked on this forum for years).

I have never dealt with Section 8 in my normal course of business.

The NAR has been taken on by the DOJ  many times without success, they were just brought to their knees by a personal injury lawyer and 5 normal middle-class homeowners.

I normally look to buy units at a 20-30% discount compared to the area and develop a business plan to create equity via forced apprecation, primarily on commercial properties (5+ unit multifamily).

Bathrooms will take normal size tub/shower and smaller single vanity.