Some people have great success with renting to people they know and others can find it challenging - just be prepared for all the different situations that could arise from renting to a friend.

You are notified of all ‘imperfections’ day one for deposit related issues that may arise in the future.B).

These resources were kindly provided by @WesBlackwell.https://www.nolo.com/legal-encyclopedia/overview-l...http://www.hcd.ca.gov/manufactured-mobile-home/mob...https://www.american-apartment-owners-association.org/landlord-tenant-laws/california/Here are some resources for you.If you are in a popular location, consider doing vacation homes.

Mine are by the Smoky Mountain National Park in Tennessee (Pigeon Forge/Gatlinburg/Sevierville) - hugely popular tourist destination that's been a mecca for vacation rentals for decades.  

Round Rock is the most popular buy & hold suburb with inventory last less than 24 hours. 

In no particular order I have listed some of the most popular markets for out of state investors•Cleveland, Ohio•Dayton, Ohio•Toledo, Ohio•Youngstown, Ohio•Cincinnati, Ohio•Memphis, Tennessee•Birmingham, Alabama•Kansas City, Missouri•Saint Louis, Missouri•Indianapolis, Indiana•Detroit, Michigan•Erie, Pennsylvania•Louisville, Kentucky•Milwaukee, Wisconsin•Jackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

Or they have a short period of bad tenants and the who thing unzips because they get behind on their mortgage.BRRRR works best when you are well financed in a rising market 

There’s Nothing New Under the Sun, @Benjamin Hurwitz.Shills and straw buyers were popular and quite common in the mid-2000’s to inflate the price of properties, when it was easy to obtain a mortgage and walk away with the large cash profit.

Hi everyone I'm just getting started and I was curious as to what is popular and what works here in the southwest Florida area.

You should look at what’s popular and trending  in your market and go with that.