(granted, the land was 50% of that... but the investor walked away with a nice 6 figure profit and never had to pick up a single hammer)As a reference, I made my living as an RVP/General Manager for one of the largest Manufactured and Modular home companies in Florida and specialized in both high end modulars as well as "Mobile Home Park" turn-arounds.

Hi Dane,We work with Section 8 in Jacksonville quite a bit with our property management business.

I would say the cost of entry for a STR would normally be much higher than a typical LTR. 

I use a management company so didn't advertise to any of my STR guests that I was the owner.

I believe one of the most difficult parts of real estate is scaling your purchases and management.

I self manage that as well. 

It also has low-entry price points where you can be all-in on a single-family house for under $100k and still cash flow.Finally, you're seeing the appreciation story unfold as well.

I am a Real Estate Professional who bought a Property Management Business a little over 2 years ago.

However, with the projected negative cash flow and uncertainties of remote management, consider the financial strain and risks.

typically if you are out of state investor, I recommend you have a local PM to rehab and manage the rental.