So yes, it can work for sure because it has for me, but you very much so need to work with the right outfits.

We have some agents spaced throughout the state, and are a small outfit founded in the Farmington Valley.

@Robert GunbyLarger outfits will send out an appraiser.

I don't really care for the turn-key outfits as I think that having multiple players keeps checks and balances in play.

What you are looking for is a fly by night outfit, usually a 1-5 people brokerage with no systems or training.

Sprout post-March 2020 is a completely different outfit.

The bigger outfits charge 8-12% on income plus 1 month rent for new tenants plus a mark up for repairs.

Personally, I wouldn't be on board for something that big unless you already have a good team under you or you can turn over total management to a good outfit and still be cash positive.

I'm the CEO of a full-service TK outfit in Birmingham, AL and if you look at my past posts, I spend a ton of time here on BP reminding new investors to ASK QUESTIONS about every little thing when considering getting into the TK space.

There are lending outfits out there that will offer you the very same thing but at 9%, and 12% max.  15% is rather stiff but if they are your friend maybe you would rather offer this to a friend and work with them.