That property had his tenant shot and killed on the property, and copper cut out multiple times every turnover.  

(note not all the ones below are in default)422 S Oklahoma Ave, Elk City, OK 73644 | MLS #1095264 | Zillow15154 Appleton Blvd, Port Charlotte, FL 33981 | MLS #TB8300903 | Zillow  I looked up the one in Elk City, they bought it for $5,000, then listed it for $200,000 and now after 8 months of price cuts $110,000.

We're just a small company and I figured I would take a short cut by asking. 

Plus it better ties investment performance throughout the organization from property porter up to CEO.To your point, there are some vertically integrated operators that charge above market fees for their internal operations.  

Okay, Rand Paul has spoken up, but the rest are just part of the "happy machine" to keep spending our money (while keeping a very large cut, kinda like a mafia loan shark) to give to ourselves to "make us happy".

I know that it's not nearly as clear cut as that but that was my general plan.

I would just be cautious about taking on such a high cost basis this late in the cycle because when we see the next buyer’s market it will probably cut into your equity.

Opportunity Cost:Something to consider is the opportunity cost of the $160k in equity tied up in this property.

Even if you have a "perfect" house, it will not rent if not priced correctly, OR you will be overrented (yes that is a thing) meaning you are leaving money on the table.Marketing is also big - Again depending on the area you want to be on as many relevant channels as possible - Airbnb, VRBO, Booking.com, Zillow, Furnished Finder etc and have a direct booking strategy for repeat guests to cut out the middle men.Best of luck!

Then put an offer at asking to tie it up for a feasibility period.