It’s on the rise but you just have to be selective regarding location and try to go for turnkey or keep it minimal regarding rehab  So you don’t have a nightmare story trying to manage a rehab from Out of Town. 

The Lenders tab at the top of the site helps with finding lenders by product and location.

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------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?

It's same as everywhere but location is everything as Japanese population has been declining all prefectures except Tokyo, Nagoya and Fukuoka.

It's a 5th wheel located at a campground.

Property Location: Where will you lend?

It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.

I'm guessing it's the winter and the location.

It could, but you could screen this location with PriceLabs.co as they use both airbnb and hotel rates to create revenue forecasts.