Its growth rate is intimidating, and my personal interpretation of the data is that the market is actually still undervalued. 

Throw in some extra costs like moving expenses, professional photos (a cost the STR PM may also need to pay depending on the quality of the existing photos), renter's and lessor's insurance and a listing on furnishedfinder to round out some of the start-up costs.

(it will take you 163 months to break even on your cash outlay by paying that extra towards principle).

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Maybe if you really like these guys and their work...and feel that they honestly got in over their heads, you could throw them an extra $500 just to appear 'nice'.

Uses big data to identify properties ……….has a subscription to Loopnet4.

In my opinion, the marginal protection benefit doesn't justify the extra costs and worse financing terms.

If you get a lot of properties it would be fun to have the first tab pulling data for metrics on portfolio performance, monthly cash flow, expenses, etc.

You do all of your own due diligence on what to offer based on the data.

@Kobe Carr Please pay extra close attention to the property taxes on anything you buy in Texas.