I know this post is pretty old, but I’m curious about the concept of self managing a condo-tel.  

It seems like a really stupid concept to me.Perhpas some with actuall knowledge of how it work could illuniate us.

Now I am in the early stages of development.I am working with a consulting firm to help with a concept plan, engineering, and to get the city to sign off on everything.

It’s a neighborhood that’s gaining momentum as more investors discover it.Key ROI Factors:Low entry prices compared to other urban neighborhoods.High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.4.

If you haven't already, read "The House Hacking Strategy" by Craig Curelop to understand the investment concept. 

Scott Jelinek has a book titled The Art of the Slow Flip where his concept is explained.   

Success is most influenced by persistently applying proven concepts...it takes an informed plan over time.

The concept of the system is smart.

I just do not see any rational/benign reason for them charging so much in deposit up front considering that the house has not sold for 6+ months and I will be able to close relatively fast. 

Does their concept work?