What if you pick the wrong project, or the wrong sponsor, or the economy changes, or the business plan doesn't work out. 

When choosing a location, focus on markets with job growth, population increases, and a diverse economy.

Not because of interest rates or the economy, but becuase there's so much more interest in this asset class. 

The first time I was laid off it was traumatic because I my industry and the economy were in the toilet but more importantly, I didn't have enough cash flowing RE, second time.... not nearly as bad, and the third time it was my idea and I haven't lost a minute of sleep about my decision. 

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

Regarding property management, utilizing local property managers can save you time, and using PropStream effectively for filtering properties by distress level and location will certainly help with finding stronger deals.

•Stronger Owner Rights: Property owners have stronger rights to reclaim their property quickly after removing a squatter, avoiding long legal battles.Impact on Property OwnersThe new squatters bill is a significant advancement for property owners in Florida.

In general the economies of scale as associated with the larger properties just makes them easier to manage and causes them to cash flow better.

And that occupancies will return to pre-covid levels so that these cabin prices on the bigger cabins will come back and the smaller ones will be even that much stronger. 

You are a renter and subletting that people rebranded to make oodles of dollars on.I would also be curious to see how profitable this is, especially as the economy continues to show more signs of major cracks