They must satisfy "material participation" test for their STRs to utilize the strategy.

Ideally, I would like to use the buy and hold strategy, with a 50k budget to get started.  

This is a new strategy and platform, so any question is a good one so that everyone can best understand the process.

Consider your investment strategy—house hacking, turnkey rentals, or real estate syndications—and start networking through local meetups or BiggerPockets forums.

I'm a 2x house hacker here in LA (a case study in the BP book The House Hacking Strategy) and an out of state investor.

Quote from @Garrett Jennings: I wanted to check on the forums before I consider using this as a strategy.  

Where I’m Focusing: Ohio (Dayton and Cincinnati) — I already have trusted partners for renovation and construction.Investment Strategies: I’m interested in fix-and-flip and BRRRR.Open to Networking: Real estate agents, investors, contractors, and anyone passionate about real estate.My Goal: To learn from experienced investors, share ideas, and build a scalable real estate business.Looking forward to connecting and learning from this great community! 

I think there's many variables that will sway things like - previous deal sizes, price points, strategy(turn key or fixer upper) and who the person is raising the money.

I have been investing here for years and I focus on the BRRRR strategy.

That strategy actually makes your lead management team much more efficient because it outsources the mind-numbing tasks to the robots and lets the humans focus on what humans do best.