For these two we said, "We believe in second chances... but it comes with restrictions... and laid it out to them."  

Periodically we'll pick up an asset that has unusual deed restrictions regarding future sales.

There was a real boom right after I purchased my property (some years were as high as 30%), but then the government imposed a lot of very strict purchasing and lending rules (I live on Vancouver Island, and Vancouver had skyrocketing house values which trickled in over here) which grinded that growth to a halt.

What comes next is less easy to determine, especially after a fresh outbreak of coronavirus cases in Texas, Florida and California, that were among to first to relax restrictions.

Many lot rents in that area are astronomical, and, like an HOA, the park owner can raise it (within CA rent restrictions laws).

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

If the unit is in a desirable location, you might be inclined to list it on Airbnb, but you could encounter restrictions through the HOA, so it helps to know this ahead of time.

I was only interested in the niche initially because I was 1) impressed by the fact that the industry is essentially restricted in supply in perpetuity and 2) the concept of seller financing.

@Jeff Williams Sounds like there are a lot of restrictions on that lot.

This to me would be the least stressful in terms of finances, but you’re restricted to a salary.