I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

If I were in your shoes, I’d look at the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) to stretch your liquidity while building equity and cash flow.

The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent. 

I have all three kinds of parks- LT RV, POH and TOH so can help with repair estimates but so much depends on location and access to reliable repair services. 

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Plus each house sitting empty for t months seems wasteful.)But it’s hard to find a warm but not hot and humid location.

What are all of you seeing as far as tenants, and paying rents?  

My top locations for luxury Oregon Coast Real Estate Investment, estates and ranches are: - Brookings, Gold Beach and Bandon - One of the few stretches beyond Big Sur that you can actually drive along the Pacific Coast Highway at altitude.

Knoxville isn't a luxury market. widen the gap and do new construction. find infill plots of land in better locations and have more control. work closely with a builder who Is working with investors. we have flippers who did hundreds of flips then they graduate to new builds and say it's much easier. if you have the balance sheet you'll be fine. budget 20%. new construction commands a 20% premium and is much easier to duplicate Over and over and much less risk. 

Otherwise its all about the classic location location location.