We are thinking about Evolve Vacation Rental, and talking with several local companies including Beachy-Cations and a smaller outfit that runs only a handful of rentals.

Arbitrage is just a job.Without sufficient funds in reserve to fully furnish and outfit a STR properly, you are setting yourself up to fail.  

Along with a money partner, who shall remain nameless, our outfit bought 131 E. 21st Avenue in Munhall, PA 15120, for $78K.

I'm the pop of a classic mom and pop self-managing DIY landlording outfit.

It takes a very well established outfit to pull this off... just some run of the mill or upstarts one needs to be cautious.. the mid west is littered with folks that tried this and sent rehab money and ended up with no rehab done  :( or really crappy work... so while I agree with the statement.. its even more important to vette who one would do this with.

I just spent time in the mid west talking to a realtor and investigating property management companies.A: In your opinion who are the strongest property management outfits in Phoenix?

I know that Memphis Invest is one of the biggest and most reputable outfits in town.

Reedy and Company is a great outfit.  

I worked for one of the bigger turn key outfits( co owned) Charlotte is like most markets there are good and bad areas.

Here's the kicker, sometimes these insured outfits don't even carry insurance for the workers they employ!!!