People flipping homes instantly got crushed and many people doing BRRRRs ended up under water both in equity and monthly payments as rates went up.

They are only "disastrous" when people use them improperly, which can also happen with a city sewer system.

I feel very lucky to have such  successful, caring, and knowledgeable people give me such great advise.

The key is figuring out how to get people to rent the unit in the off season.

But I do know that people often spend thousands on a beach house for the week, and depending on its proximity to the water, will pay even more. 

I guarantee people would lose their mind, and the government would get involved, if hotels started charging everyone cleaning fees.

Since the people who owned it would have to pay to demo it they gave it to us and the dealer opted to not charge a finders fee.

Pick deals based on how much money they'll bring in, where they are, and how many people want to rent there.

This is exactly why people do not trust property managers.

Totally agree with @Paul Moore and I think Self Storage and Mobile Homes don't get the same attention as Apartments because people, in general, don't really understand the asset classes, unlike apartments everyone gets the concept rather quickly.