There is no advantage any more to the owner who wants to connect with guests and deliver a personal service.

I put in my lease that the property is being delivered free and clear of all vermin and rodents, and if the property needs to be treated for such it will be done at the tenants expense.

I still see 5 star reviews on my listing on Vrbo, but I don't have instant book so am not on Expedia too. 

I heard of delivering payout in segments after key parts of the rehab are completed, but should I hire a project manager or be on site?

.- Robert-Lee don't buy in rural anywhere. property values are lower, rental interest is lower, new construction comps are harder to come by. we build in Columbus Ohio and the things I look for are subdivisions within 5 miles from a large builder delivering at least 2 homes a month or more, 30 miles or less to the city center, public utilities, no flood plain, etc.

There's a similar trend I noticed in Lehigh acres florida. there was a miami based builder who came in earlier this year / late last year and built 5 modern homes. all 5 sold and set record prices for the area for single family homes. it's not that newark calls for this or any infill lot in columbus it's how can I deliver a premium product that will sell regardless of location. something with features that people want. 

What about depreciation of the older buildings with growing new inventory and lots of new construction to be delivered ibn 2024-2026?

If you are telling people you pay 10% interest and they are used to getting 3-5%, their mindset may instantly think your proposal is high risk.

Certainly they have guests, mail and packages delivered, etc.

For instance, as an Owner/Builder, you must pull the permits, and this instantly makes YOU responsible for the satisfactory completion of said permit, and you also must know applicable codes.If one of your Subs has an employee that is not completely legit, then that falls on you as well, and you might not have even known about it.....!