He’d likely play the role of buyer’s agent, contractor, and rental listing agent—something we successfully did last June.

The STR part plays no part in the valuation like @Patricia Andriolo-Bull said.I agree that 20% is pretty fair, but you could self manage it once you get things in order.

Yes we tried everything, and Yes I know now that wasn't the best play haha. 

Granted folks have student loans for collage so I see Mentors playing off of that but thats a different animal and rates are not 24%.

I'll definitely play it safe.

You have to tell people if a toy is broken, missing pieces, or might explode when played with.

I would like to find more of an equity play.

Not the cash flow play a lot of people expect. 

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Families: "Spacious backyard, kids’ play area, and just minutes from the local zoo."