Every landlord I work with absolutely loves my business model and none want anything to do with my day-to-day operation.  

You will see they are investing in the strongest markets, have great broker networks / access to deals which is critical in a highly competitive market, can raise significant capital to take advantage of scale, more disciplined / conservative underwriting models, have simple well thought out business plans to increase the properties value, using fixed rate 10yr loans to take advantage of still incredibly low rates historically speaking and use more sophisticated tool sets to help understand how fluctuations in occupancy, rents, etc may impact their models.  

For the record it looks to be a late 80's model Catalina 22 sail boat.

With the model that you describe, you take on all of the risks of the renovation.

A lot of people from the REIA meeting have reached out which is great for an aspiring investor like myself!

Postlets, acquired in 2011 and now owned by Zillow, (aka Zillow Rental Manager) and other rent centric sites like HotPads (also acquired by Zillow) fit in with Zillow's data focused model.

I would love to know if this is a consideration and can pass along info on the model i saw.

@Leslie Frieze I'm a new aspiring REI and I lived in the Chicagoland area.

The subcontractor can also handle turnover cleaning and things like changing carpet etc.Will this model work and can scale up without Hiring property managers?

The subcontractor can also handle turnover cleaning and things like changing carpet etc.Will this model work and can scale up without Hiring property managers?