.#1 NUMBERS GAME:  It's not easy.   

I just feel like everything that I am looking at has to be a high effort strategy or an equity/value add play.

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

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. 

I understand it isn't easy, especially when new in the investing game.  

As for evictions, here is a tip from the one "cash for keys" move out we've had: don't be afraid of a little vacancy; a prospective resident with every red flag flying proudly in the wind is not a good match, even if you're new to the MTR game (as I was :) ) 

So I require skin in the game (average is 5% to 15%) to offset this.

Yea this is a long-term personal play more than a strict STR deal. 

The borrower's financials play a big part as well.

This cycle has played out numerous times:Mobile Home Park Residents Lose HomesMidfield Mobile Home Park Residents Lose Court BattleLoss of Another Tempe Trailer Park Highlights Lack of Affordable HousingMobile Home Park Residents Face HomelessnessIn an effort to preserve our country’s affordable housing, it is our duty as community operators to keep Lot Rents in line with the market rate.