Six Moon Designs Deschutes Ultralight Backpacking Tarp

This tarp is well made, spacious, and not difficult to pitch. It's essentially the more popular Lunar Solo, but without a floor/net.

I've used this tarp on a thru-hike of the Colorado Trail, and in various trips in the Rockies, Ontario, Quebec, and the eastern U.S. It is easy to pitch, requiring one pole, and is well sewn so it's not terribly difficult to manage a taut pitch. It packs down very small, about the size of a Nalgene if necessary.

Like all single-wall shelters, condensation can build up, but the vent helps mitigate this. More importantly, the entire side of the shelter, i.e. both doors, can roll back giving great views and allowing lots of air flow. With both doors closed this becomes a fully enclosed shelter at only 13.6 oz seam-sealed. I seam sealed it myself, and while it's not pretty (at all) it seems to have done the job. 

The tarp sheds wind and rain well, like most pyramid designs. I like the ability to pitch it higher or lower depending on the conditions, though it takes some time to learn how to get a good pitch at the various trecking pole heights. Using the head/foot tie-outs makes a surprisingly huge difference re:headroom.

My biggest annoyance with this tarp is that when paired with the SMD Serenity inner, which is rectangular, you cut your internal space nearly in half (since the tarp is hexagonal). I've used it with a groundsheet and s2s net-tent, which works fairly well given the D-ring clips inside the tarp at each tie-out, but I'm switching to a Borah bivy to make this system more flexible and to better utilize the full space of the tarp.