Quote from @Eric Bleau: Important note - All the negative comments about Grocapitus in this string are not related to Grocapitus performance.

Any management fee structure (monthly fees) is simply a guess with regard to what will keep the PMC in the black in relation to the work that will be needed to manage the door. 

What I'm wondering is: is there a way to get the cash invested into this rehab back out of the property in a relatively short timeline, as if it were a BRRRR?

I think this the best topic to shareSharing stories about how people got started making money—what worked and what didn’t—is such a relatable and inspiring topic.

WIth that said "passive" is relative lol. 

As I mentioned to Michael, I'm attempting to see if our returns and operations are relatively inline with the expectations of experienced STR operators.

I created an LLC to collect rent and manage any expenses related to the property. 

Sales comparison A common method that compares the property to similar properties nearby and their relative prices.

While that may be good for the 10% pref investors, you may have been better off holding another year and getting another 7%.Related to this, I generally don't like preferred returns as a passive investor. 

But as it relates to buying and owning RE nothing has changed..