I decided to purchase property in Pennsylvania where properties are more affordable in certain parts, demand is relatively good (less vacancy), healthy cash flow, and tenant laws are more favorable to the owner side in case your tenant stops paying their fair share. 

Same logic applies here as it does to your previous experience, there's just simply an added layer of the income produced by the property. 

Real estate investments (STRs, MTRs, live in flips) have produced my best returns by a good margin.

in a few short years 1 property has produced over a $1/2 million in equity, thousands in cash flow, was leverage to buy another property which does the same and leverage to buy a small cash flowing business. 

The purchase price vs rental income is very healthy (assuming occupancy and collections are there).

Obviously I'm all in on this first house and I'm rooting like heck for Clayton's team to produce a winner for me, but as for my second, third, fourth...etc.?  

I self-manage and produce $700 in pure cash flow each month.Lessons learned?

When the money dries up, they'll leave just as quickly as they arrived and you may be stuck with a real mess.If it can produce more money as a short-term rental, do it yourself.

The hedge funds and firms alone are buying more supply than is being produced. 

Adding amenities like power, water, and a barn or pavilion could increase its value as an event space.Farm-to-Table Experiences: If agriculture is possible, create an on-site farm-to-table business where people can visit, harvest, and eat fresh produce.