You'll likely want someone that can handle A to Z with marketing, pricing, cleaning, maintanence, decor, websites, reviews etc.

The property sat on the market for a month before an offer came in, but the buyer backed out at closing.

I like Warren Buffet's advice to make sure you understand the investment completely before investing.  

Quote from @Duane Richards: @Sundone Boutvyseth I also did a 10% on STR in Florida last year, it's worked out really well, but went through a national lender.

Later I was able to buy the vacant lot between for a grand total of about 2.4 acres.All the houses are in bad shape.

The “hot tub show” models will work, but you will do more work on them in the end.  

What is more important to you @Nithin Kumar...the cash flow, or the appreciation?

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

up to 20% DSCR through lenders I deal with

And this is a biggee wading through the fake lenders or the Joker brokers that tell you what you want to hear  but cant get the deals funded and you lose the deal and a lot of money.3. with actual PML  private people  usually have very limited funds so cant scale with them.. they can have a life event and just stop doing loans all together..