Quick analysis yields a 16% cap rate, just wondering if anyone has experience with logistics In running these places, paying staff, rent collection, etc.

Big enough to have some staff and some marketing reach, local name recognition, battle tested, etc.4.

.- Judges often throw these out:(5) Eviction Notice for Nonpayment of Rent: sent ASAP- In Michigan, it's a 7-Day Notice- Our staff bulk sends on the 6th of each month, no exceptions- Even our best tenants get them and we just tell them it's automated and they can ignore if they payRecommend you have a detailed Eviction Procedure and follow it!

Feel free to inquire about their staff qualifications if it's a larger organization.2.

I asked  how many staff members they now have and was surprised to hear its still the same 3 partners with no additional employees or support.

Do you have internal staff that handles the marketing for tenants or do you rely on outside rental agents?

An STR hot tub is a completely different beast. 1) Hotels and fitness centers have staff that are checking chemicals twice a day to ensure the appropriate balance is being addressed, STRs do not have that luxury.2) You can educate your guests all you want.  

These tools reduce the need for a large management staff.

There are tons of educational options for you to choose from and it can be overwhelming.

It's a full-blown business with staff.