Because it's my money, I care more (I get 92% of the revenue, PM only 8%, and PM team member near 0%), I only had my units to manage (PM team member has other owners and units), and, with humility, I am smarter and harder working than the team members assigned to my portfolio (3rd party PM has to hire at a level that makes the business model financially work for them). 

It's that the PM model itself is flawed. 

Its return is achieved due to an alternate rent model.  

I see 3-5 as a fad.Fractional ownership - way to much overhead for these to be profitable. think "timeshare".STR in non traditional markets - running a STR is a business and real estate, boils down to location location location - who would want to go to a conference and stay in a STR vs. the hotel where the conference is at, most businesses pay for this I do not see why.Mixed use with green - this has been going on for years- it will continue but it is also more expensive to build - which means higher costs to use.Not trying to be debbie downer, I have seen these attempted to be done in the past and they really have not been successful.I do really like the BTR model though as I continue to see that as a very good option in the future. 

ChatGPT and similar AI models provide businesses with a scalable way to interact with customers, answer questions, and even troubleshoot problems.

Don't pay because he really isn't a good role model.

Their dealer model is genius.. cars for the most part are computers on wheels .. fit and finish is not up to standard compared to MBZ or Audi etc..

I dont believe in ever losing money and lean towards the cash flow model, but recently I walked into a property with maybe $100.

Their business model is interesting and has a couple different exits strategies when getting a property under contract.

Quote from @Bruce Woodruff: I assume you;re talking about a model like this?