Quote from @Chris Seveney: @Jay HinrichsGreat points - yes many are from here on BP such as a bearded guy, a guy who threatened to sue a LP and still doesn’t respond according to his investors, two other “note funds” one investing in skidrow homes and the other in broadway plays….

The play book as you described is an old one when it comes to marketing themselves nothing different than what the how to trainer do.

When you have a proven track record of performance, then you can play with other people's money. 

So seems like a decent play for cash flow but not much for appreciation.

You want to play the charitable hero.

Expect any step needs to play well w/1031.

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

This gave us peace of mind and ensured that any unexpected incidents wouldn't result in major financial setbacks.These two choices have played a crucial role in optimizing our STR strategy, balancing profitability and protection.

and others that i did not care for their business practice .. but if i wanted to enter the pay to play business I think it would be worth the 20k a year to network with those dudes.. but not my bag 

If you're asking for my option and you want to play it safe, budget for 10% vacancy.