I think it's good for owner's to be a little bit hands on in the management until they build the right systems and process to be more passive, or better yet hire an internal manager yourself once your portfolio gets to the right size.  

The city is still undervalued according to international standards.

Probably an extra clause in the lease should be added in the future to insure the tenant accepts the property as is when it comes to these internal elements.

I think the reality is that Airbnb is a larger company with a larger IT department so their software is more sophisticated and they have the staff to make software changes in a timely fashion to meet state and local laws.

This contractor will take me from gutted house to ready-for-drywall (reframing, new siding, finished basement, new siding, new roof, new plumbing, new electric, new HVAC), at which point I will take over and complete the internals with my team. 

I have not sold one yet so I don't have any data there but from the internal chat there are plenty of members closing deals for profit!

Is it now an international city?

By the way, Tokyo BP Members - if you're ever headed to Seoul for a visit, be sure to shoot me a message and we can plan a get together.We have a BP member from the US coming to visit Korea next week and we'll be planning a dinner or coffee or something.Great to connect with other international investors!

These same owners get mad when we do not start the project at risk and get mad at us instead of themselves.For internal teams, it would be that there is always so much stuff going on and frequently no person is able to be made accountable for the work that is or is not completed.  

Our internal team is there to help you review rehab bids, inspection reports, analyze different exit strategies based on your updated numbers throughout the project, and help you work with different lenders and insurance agents that we refer you to.