If you can be in the new build STR game at $800k plus, you are getting equity at close, which is a bit mind boggling. 

Given that knowledge what is a fair rent increase and the true value of the park?

Truckee has some tight STR laws and if you're in that game I'd stay.  

Rents will continue to fall and property prices will still fall for as long as this remains true.

I wanted to get back in the game again but don’t have much in reserves that most if not all HML require.

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

Very true.

If foreclosure is what you want to invest in get a head of the game and focus on a target area and know if that HOA is a pain to work with, you might just find someone who wants to sell quickly to get aways from the HOA.

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns

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