It will be interesting to see how Kentucky's economic growth impacts these areas. 

Flipping on a land lease with high HOA fees = challenges that could impact profitability. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.

This isn't something I want to do forever, so I want to build it in a way that I can exit, and my employees/operators come and go, that has as little impact on the business operations as possible.

BUT.... but, but, but, also how a person manages will impact this.

This is largely due to the fixed nature of ongoing maintenance costs, which become proportionally more impactful as the park size decreases, thereby inflating the expense ratio.

The restrictions vary by location, but they can impact guest satisfaction and demand.

and I gotta tell you it's really fun to get to see the impact of my legacy gifts while I'm still around to watch my children prosper.  

I agree that rates have naturally adjusted with the rise in the Fed rate, and it seems like the 10-14% range may become the new normal for a while.I’m curious—what’s your outlook on how this rate range will impact new investors entering the market?

Complaints are always dicey when you live or have property in a jurisdiction they scan your license plate and have visibility into your property that may negatively impact you in the future.  

I have an STR in New Orleans and we were heavily impacted by regulation.