Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

I'm glad you were successful.

Do you have property managers and contractors who your clients have been using for over a year successfully?

House hacking is such a smart way to get started, and your focus on value-add opportunities will set you up for success.

That being said we as private investors can use this to our advantage and find some successes in POH parks or mixed POH/TOH parks. 

It's 5 years into payments and going strong. ya suing on land lock is not a given right and is not always successful good job selling to neighbor.I also have one.. bought house at foreclosure.. 

I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

I successfully cohost 2 MTRs fully remotely - one in Richmond, VA, and another in Palm Springs, CA.

I’d love to hear your experiences, opinions, and any tips you might have for successfully implementing these strategies.

Borrowing against your paid off house without an income puts way too much pressure on the success of whatever deal/project you decide to pursue.