My point is this, unless you do SERIOUSLY BULK mailing, it is like gambling... and... the house always wins.. and thus you lose.So in other words, the only people winning doing DMM are the DMM companies.

If you are purchasing to sell for appreciation in years, that could be a route to pursue, but is really a gamble.

So unless you want to gamble (and some people intentionally do), you generally want to run a title search and figure out what issues you may need to deal with.You could sell the property to another buyer right after the sale.

Honestly, when I’m making decisions like this, I find a few comparable properties on Airbnb in each location & pay my offshore assistants to track these properties every day for the next few months & record how much $$ they’re making.

that totals 23%  and while you might get there self managing I dont think you will get close to that if you have to have PM manage.. and as others said  location  ( snow rain)  desert makes a difference.. tenant quality ( nice tenant Vs tenant that is rough on house )  I think 40% for self manage gets you in the safe zone if you do better thats wonderful..  50% for fully managed if you do better thats wonderful.. but to cut your numbers razor thin then think U made a bad buy when cost run higher is more on the lines of gambling or wishful thinking.

We have it this way because our lead managers are offshore and manage the text message response, screen the responses and if the responses are favorable and worth being transitioned to our acquisitions manager then the acquisition manager will take over the lead.

Now a days its just another ( very often) off shore Nigerian prince scheme.. but I am sure there are still companies out there that their primary goal is to get up front fee's and never fund.   

It’s a gamble.

It is a gamble and some people get lucky.  

Also, many of these investors are funds and buy these in bulk, gambling on the chance (say 1 in 5, as example but not sure what the exact odds are) that it will go to a tax deed sale and they eventually take ownership of the property.