With this approach, I can very easily vet borrowers (no newbies unless partnering with an experienced investor for example) and focus on those that meet my criteria.   

I'm more experienced as have been in multiple RE sales (with agents and directly with owners too) over my life and been an LTR owner for 15 years and just want to do STR at this point, but if this program is legit then I would be the one searching for houses while he did the calls.

So its not at all like the Mentor/guru my client in Charleston experienced.. 

With the appreciation you've experienced, have you thought about what's next?

We would typically not do this, but talking to a very experienced property manager friend, they agreed in fact suggested we let them out, this would be the one exception... crazy and aweful situation.3. 

Our strategy is to find properties in the Germantown, Logan and Olney areas of Philadelphia that need renovation, with the goal of holding and renting them out long-term.We’re currently looking to connect with experienced contractors who can help us accurately price out repairs and renovation costs for potential properties.

If you and your partner are excited to start a business, this would be the best time to discuss with an experienced attorney who can point out things you all never considered or discussed.

Here's my experience house hacking, and what I regret: https://www.biggerpockets.com/forums/922/topics/1133476-hous...Totally experienced what it mean when is too good to be true haha.thanks for sharing the house hacking experience.  

Connect with @Jillyan MacMorris she's an experienced MTR operator in Chicago

You'll need to get good at analyzing rehab costs and predicting after-repair value (ARV) to ensure your margins are solid.To get started, immerse yourself in real estate education—read books, listen to podcasts, and use BiggerPockets to connect with experienced investors.