@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.

Fear the issues of tenant nightmares, fantastic because you won't have that with STR. 

The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.

None of these communities will be changing to residential neighborhoods, although a couple do have residential 'sides' that full time residents live in and can not be rented short term.Two of the big communities that you will have some issues with self managing are Reunion and Margaritaville.

I think the engineering issues on them have been resolved.I've used a number of different brands (lower price point) and haven't had issues with any of them.

There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

Note that Sec8 comes with added costs & issues due to bureaucracy and state of the HUD departments in the area.

Quote from @Jim Stanley: You should reserve insurance for large claims.Contact the city and report the issue to them.

A weak team leads to guest complaints, maintenance issues, and poor reviews.

If I had an answer to my money issue then I would quickly pull the trigger on a good deal.