I've spoken to several PLs and got a wide range of answers...

If you get the property for the right price and it is managed effectively there can be a very wide range of return you get.

Underwriting can take some time running through a wide range of models.

I love helping cash investors find properties locally state wide. 

Here is the Cities website that can help you better understand the regulations The first and most widely known would be Sandbridge; this market even made Vacasa's top 5 list (Article Here) of STR locations!

Note that I'm not asking this question looking for an excuse to give up on my dreams of real estate investing before I even start - I just want to go into things with my eyes wide open and adjust my strategies if necessary.Thanks in advance for your input guys (and gals!)

It's good to hear a wide range of financing options.

It is estimate that nearly 9,700 people in NC are suffering from Homelessness *Side Note: If you want something interesting to check out related to Homelessness across the USA: 2023 AHAR Report (Page 18 of the PDF gives you a country wide, by state graphic for a super quick review) Fayetteville has a cost of living ranked as 23rd/50th most expensive in NC, pretty middle of the pack. 

Currently there are single wide trailers that are selling for over 200,000.

And hey, don't forget to keep the lines of communication wide open, staying connected with people.