Kind of like asking if people like cars pro/con; then finding out later you're a car salesperson; versus Truck/Motorcyle/Mass transit.Read back through my comment and yours, we said the same thing. 

To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand.

DM me if you would like to have a conversation and I can guide you to people I know in the community that could help.

I also like the refund of course. 

After looking closely at what Hospitable offers versus some of the bigger names like Guesty, it's honestly surprising to see that Hospitable has more features, especially when it comes to automations.

this will likely be a good investment long term on IRR basis, but not realizing -5k/mo CF is very alarming.

It sounds like you do if you want to self manage.

It's like the 70% rule, you can use it to narrow down 100 deals to 30 deals to dive deeper, but you need to know estimates per house..

At those price points I'm assuming this is a more cash flow area like the rust belt, or other mid west geography.

It sounds like you trust your PM and he is doing what he is getting paid for.