Anyone has heard of HomeUnion?

[Luan Vu]

Has anyone ever done business with a company called HomeUnion?  I became interested after coming across a recent article from the NYTimes titled "Smaller Housing Markets Lure Individual Investors".  

From the article, HomeUnion is "a one-stop shop for small-time investors that helps people buy, renovate and rent properties in 11 markets around the country. HomeUnion charges an acquisition fee of 3.5 percent of the purchase price; management fees of up to 10.5 percent of the rent; and a 10 percent fee for renovations over $2,500".

I have no idea of these fees are reasonable or too high, but the convenience of having someone else do much of the work is very appealing.  Their website seems to have a good breakdown of projected appreciation, cashflow, and expense of a property. I would appreciate any advice and feedbacks.  Thanks!