Showing a level of expertise to do something hard or exciting certainly piques the interest of a guy with money and no RE experience.We lived in Houston and self managed properties in Oregon and Maine that we snuck away to in the summer.

We also have different single family and duplex models available. 

As has been pointed out already, it's a different business model and do they even know to manage it? 

Model the performance of the property.

Can smaller projects adopt the above model?

I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).

In one of our companies, we have a board comprised of people with different expertise.

However, we understand that the STR model may not align with everyone’s goals, and we respect your decision to step away after a year.

And things could still get rockier, but hopefully your expertise and seasoned investments mean your overall risk profile is very low.

Where people went cheap with online brokers, many of those companies just did not have the resources or expertise is seemed in many instances to handle claims.