What was his direct involvement in the company that failed, metallic blue development?

If your strategy involves short-term rentals, then single-family homes could be a viable choice.

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

Pro tip: try to find the ones you like on Amazon, because ordering from Arcade1up's website involves hefty shipping costs. 

I want to be able to follow and shadow him and Soak in all the rehab knowledge and I want him to feel like it isnt all 1 sided by giving him a piece of the reward especially with so many benefits to the work being done if he is involved deeper in it.

My goal is to get my Mortgage payment below $490 with less of my money involved in a DP. 

Once office workers get involved, add 2 weeks min. to the job.

You will become involved in a lawsuit if you proceed.Anyway, since you seemingly like that sort of thing, I'll explain what is going on.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

This could be a fun time to get your family involved.