Finding good STR's can be a niche market, so it's a good idea to find an agent that is familiar with STR so they can point you in the right direction for zoning, good markets, etc. 

It is turn key, we have boots on the ground, we have a preferred team to work with in every area that we have inventory, and it is a flexible investment that you own and control.  

They are too much of a gimmick and most tenants prefer to have the bottom-line expenses.

How would you have preferred Sunrise to have developed at relationship with the residents?

While that may be good for the 10% pref investors, you may have been better off holding another year and getting another 7%.Related to this, I generally don't like preferred returns as a passive investor. 

You clearly found an excellent niche for yourself, hoping to do something similar myself.  

Quote from @Alyssa Dinson: Hi everyone, I live in California and have been meeting a lot of investors who prefer to invest out of state due to California being so expensive as well as the aggressive tenant protection laws we have here.

I'll put them in order of what I prefer and why:1) Save up the cash using cashflow from my current portfolio and W2 income. 

I am sure that there are many ways to make money in Real Estate but I have found a niche in new construction.

They can sometimes be more open to funding niche investments like mobile home parks, especially when you’ve got proven cash flow and a solid plan.Another option could be talking to your uncle about seller financing.