I see an extreme need for is affordable housing.

I've only ever done rehabs (with some so extreme that they were practically new construction!)

I should also mention that the driveway is a mix of extremely old broken up asphalt, dirt, gravel, and slabs.

It’s under $500 so not an extreme expense but I argue that it falls under the NNN maintenance purview, responsibility of the tenant.

Some investors cringe at the thought of getting a loan, which they call debt, while others cringe at the thought of spending a dime of their own money, and finance 100% of the property, which they call leverage.And then there's plenty of us in between the 2 extremes.

I'm also extremely active there. 

Extreme oversupply of STRs in a bunch of markets, due to irrational exuberance and massive overbuilding in 2020, 2021, and 2022.2. 

I know it may sound extreme (and maybe I'm paranoid), but what if you find a tenant today but come June/July they lost their job, took on debt, etc.?

If I factor in additional $5,000 in upgrades it still hits a 30%+ CoC return....It certainly is not a grand slam, but for the extremely low barrier of entry, it seems like a solid base hit. 

The market here is extremely difficult to enter due to cash offers and low inventory.