@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Buy a house using your parents' money, then manage it for them while living there.

Do managers that advertise 8% only do 8% when there's a bundle of doors to manage?

I'm Igor - a revenue management expert with over 10 years of experience in the hospitality industry.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Investing in real estate is a long term way to build wealth.

This approach does not work on every deal, but if they are doing 1 out of 3-5 deals like this, it really helps the fix & flipper to develop long term wealth, rather than just chasing the next deal for chunks of money. 

Most properties are remotely managed by owners/PMs and what was suggested would be an impossible and unrealistic standard to set - much less enforce. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.