Unfortunately, human nature is such that if I do spend hours, days, months vetting a sponsor, and ultimately sign off on them, I will already be biased to accepting the next deal they offer, regardless of whether it is good or not.  

This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

Everything is dark and the curtains aren’t even open to let in natural light.  

Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.

.- The yard must be in good order with no debris, either natural or other.

It depends on how price sensitive your market is  Also, you said there is a lot of competition.

You can buy 25% below market value, force appreciation (BRRRR) or wait for natural appreciation.

Airbnb will prohibit sensitive information like if they shared their phone number or email but I’ve had other hosts ask me of my full name and then they found me on Facebook and connected with me that way. 

Dennis,first and foremost, I pray nothing happens to your property.You're wrong about pricings going up after a natural disaster.

But they were very rate sensitive in their model.