The system is rigged to make sure we don’t get rich to fast

While our homes are larger and somewhat unique, and your expectations should be lower with more of a cookie-cutter 4 or 5 bedroom, our gross rents average 4-5x the mortgage payment or so. 

Finding a cookie cutter money making deal here won’t be as easy unless you can create it by strengthening your appeal to the seller’s, keeping an open mind to the potential of a property, and putting the work in as an investor to create the equity that makes it worth it to invest here versus elsewhere.

The area's accelerated pace of growth has meant that the housing needs have been met mostly by major "cookie-cutter" developers and unique well-located non-HOA properties are in short supply and high demand.

Your asset protection should align with what you are trying to protect versus what the risks are involved with your STR so there really is no cookie cutter answer to the question. 

Identical layout, wall-unit for A/C, super boxy cookie-cutter look, originally intended to be sold as a package deal of 5 properties (so it makes sense previous owner would slap down two manufactured homes for extra income), etc. 

Entry level is the hotter segment, completely dominated by large homebuilders like Lennar, Richmond American etc. who build cookie-cutter tract subdivisions.

But I have also purchased performing notes at deep discounts, from sellers who needed cash immediately.When a residential note is secured by a SFR in a cookie cutter subdivision, evaluation of collateral is relatively easy.

There is a large upfront investment that goes into rigging up a building for laundry (troughs, bulkheads, piping, water lines, etc).

@Max T.I only gamble when I can rig the game, Max.