There are more factor to look at than the cap rate.

@Pete TarinCheckout the data on vestmap.com, it allows you to search any location and get the DISCERN factors at a glance including income, crime, schools and neighborhood indicator stores.

Amenities, stay fees, wow factor, location, and unit price are only part of the equation.

You mention you have no experience in these types of parks and your first deal you want to take down 100.When I was working for a GC we did a condo project for a developer who never developed a building before and he sold his company (it company) and used the entire amount to develop real estate.He ended going bankrupt because his inexperience with his experience and his designers and every mistake they made was multiplied by 150 since that is how many units there were.

The gross amounts usually include cleaning fees, which you then pay right out to your cleaner, so factor that in when you figure out your net. 

Because new designs of rings will attract a lot of customers.

I know that sounds crazy, and you and I would never think to do it, but people do.At the end of the day, inheriting tenants is a gamble and risk you need to factor in.

The biggest qualifying factor is positive cashflow.

However there are more factors as well.

Those are not the only states but they have been a very Hot market lately.You will find a better price to cash flow ratio in those states due to multiple factors.