If you put in an offer at 85% of list price on every decent home on mls in your targeted area, you're going to get a house or two that should only need cosmetic rehab - which you could control the costs better.  

For instance, we stopped originating these three rehab programs and instead originate a construction loan on our balance sheet that we have complete control over.

I have clients that have these kinds of arrangements, and while it is easier when an org fills your units, you can lose control of maintenance and cleanliness.

If you had bigger cabins only, definitely not.One thing I would add though is that your returns are somewhat based on your purchase price which you can control. 

Chris seems like a great person that is passionate about helping others take control of their money.

Don't let it control you and I am glad you asked.You really don't want to rely on appreciation to make up for the poor performance as a STR.This is too much of a risk IMHO.

While you have no control over what happens to the party, you have control over what you buy.

This way I can also control the maintenance cap/ex aspect. 

The Left must resist the urge to “help” with short-sighted, counter-productive policies like rent control.

@Isadore Nelson yes, I know someone that recently paid $500k to get a longtime rent controlled tenant out of a Carroll Gardens Brownstone.