I love our delegated model because we keep control of the entire process except for appraisal and title.

There are a ton of STRs in the area so I am assuming that everyone is just doing it, but it sounds like @Nancy Stark ran into some trouble with that model.

I have too many questions for one post, so keeping this post broad and will ask more specific questions in the coming weeks/months.I have a good 6-figure job and some limited real estate investing experience (own one short term rental in the Denver area and recently Airbnb'ed a second property under the rental arbitrage model). 

Also what type of markets have seemed to support this model best?

Cash invested: $440,000 Contributors: Jess Haas Development Type: 3 bed 2.5 Bath "Haas Model" DADU w/ detached garage, new construction.Strategy: Condoize & Hold

There are companies large and small with almost the exact same business model.  

Some suggest investing out of state for better cash flow, but that's not an option for me at this time.Recently, I ran into a realtor who suggested mid-term rentals to construction workers as a more profitable investment model.

FL is super efficient, and not a bad model from the investor point of view. 

I’m excited to announce that BiggerPockets has acquired Left Field Investors (LFI) and, with this acquisition, we’re launching a groundbreaking new platform for passive investors: PassivePockets.The passive investing space has seen tremendous growth over the past few years, but it’s also faced challenges—shifting markets, questionable influencers/syndicators, and a lack of transparency between GP and LP.

If you want to have one, fine, but they are unnecessary for a small business model like yours, just another expense as far as I'm concerned.