I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

If you end up in Cleveland you'll want to read The Ultimate Guide to Grading Cleveland Neighborhoods to give yourself an in depth idea of the market.

@Aidan Williams how much can you scale your time vs your cleaner?

You divide that $20k by .075 and you get a boost of $260k to the valuation.Allowing you to take the property back to the bank, get a new loan with $208k of additional debt on the property, pay yourself back that investment and now you have enough cash to buy a $1M deal and use that strategy over and over while scaling exponentially.

Developing and scaling now Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Many fail when they RUSH to get ONE property… and often with only ONE it becomes a curse and not a blessing - until you scale.

Same thing happened where I am in areas where there were fires that destroyed towns or in areas where hail storms are more frequent.As for blame, there is no point blaming anyone, just learn from what happened and try to prevent it again (not fires because they will happen, but things like running out of water) or reduce the damage if it does happen again at that scale. 

After picking a handful of areas of interest, it took me about 6 months to work on the deals that met the numbers I mentioned before.Now its time to scale!  

But you can't scale without a system. 

Using automation can certainly help at scale for easy things, but if you have one STR and can't be bothered to respond promptly to your guest, I can guarantee this business will not go well for you.