@Santiago Coppoletta Reward comes with risk.

These investors understand that they CAN do it themselves, they just choose not to, as the risk/reward formula does not work in their favor. 

Good first project away from home, a restoration that did not need the extensive work and expense of gutting, learned that reliable labor is the biggest challenge in Indianapolis, communication skills are put to test on a project like this, the beauty of an historic home brought back to life is reward itself.

Creativity is rewarded in the STR world, especially in vacation destination markets. 

As for friends, man I would love to do the whole thing and be around my friends but I'm gonna have to side with Neil on this one, I think the risks outweigh the rewards but I appreciate your insight!! 

We received 19 offers on this beautiful home and much of those were attributed to keeping a lot of the original charm of the house.

I work with and educate clients purchasing distressed properties not only on the black and white legal issues, but the risk/reward--if they are bidding on an auction post sheriff sale, and subject to redemption, you NEED to know if you pay auction buyer premiums, etc. and the property is redeemed, it is possible you lose money in the process.  

Personally I enjoy real estate because it is tangible and rewarding but there are other investments and things to do with your money.

Which will put you in a better position to evaluate whether the risk is worth the reward.

Yes, there is risk, but there are possible reward.