I would love to talk with you to hear of your experience with him.

Ask how many units they manage and how much experience they have.

You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.  

If you have that experience, you probably don't need much marketing, as sellers will be reaching out to you directly.Focus on securing one listing at a time and building momentum.

Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.

With experience, they have the right systems in place and know what doesn't work. 

I used to cold call, skip trace, send mailers, and don't get me wrong you will get success from it like James above, however as you gain experience you will realize you need deals faster, easier, cheaper, and with more "meat on the bones" and in order to have that you need constant deals flowing through your eco system and that's hard to do with mailers, cold calls, VA's and skip tracing etc.

Anyone have some first hand experience with RADD/REIT that Dutch Mendenhall runs.

Starting with an owner-occupied duplex is a smart way to build equity and gain experience.

The below is not legal advice and you should hire a lawyer with past subject to experience.