If you're looking to just be a pure hard money lender, then you could potentially start a fund and lend it to investors at a yield spread premium.

They use pure price per square foot comps not accounting for inferior location, smaller lot size, obsolete layout, or non optimal room size/bedroom count. 

There's also a battery powered trim nailer (ryobi one) which is convenient because then you don't have to mess with air compressors.

A 10% vacation home loan is a second home mortgage and isn't really used for a pure rental.

I go in, change the air filters, replace smoke alarm batteries occasionally, I check for leaks under every sink. 

That said as my batteries started to die I have switched over to the Milwaukee platform as they had more options at the time.

If you want pure passive investment, you can't go wrong with buying good turkey properties in Florida.

We will continue to look but we are definitely being extra cautious and turning down many properties given our interest in pure STR.

We got slightly below market value by waiving the appraisal and financing contingencies, but still had to put 30% down to achieve pure cash flow after accounting for potential repairs, vacancies, etc.My biggest struggle right now is finding deals in the area that can be refinanced within a year or two to get our capital out and do it again, but still cash flow positive.

My husband and I moved out in June 2022 and are now making $487/mo of pure cash flow from the duplex.