Good deals tend to be reserved for the players who know the market and in the circle. 

Having many units under one roof creates a lot more efficiencies than vacation rentals and they tend to be much more stable during up or down economic cycles. 

These are often contractors looking for work out of necessity (who tend to fail to deliver projects on time or on budget).

Also, most (not all) lenders have minimum property value requirements  (often $75K-$100K+), as well as minimum loan amounts (typically $50K-$100K), so finding lenders under these limit amounts tends to prove difficult, though not impossible.  

This crowd tends to play it safe, which is totally understandable.

Build the system BEFORE you do deals, that way you can spend time doing it right - then go nuts!!! 

Lt's tend to buddy up with some of their friends and rent larger homes by the room.

With that in mind I would focus on a condo with low HOA (as they tend to get very high down here in south Florida which results in squeezing most, if not all, your profits).

I tend to have a plethora of direct messages asking me to send the deal to their email.

Either fortunately or unfortunately, those markets also tend to be 1. high-priced and 2. attractive to younger residents.