This works well if it's an MTR or STR type situation and you are in control of the lock.

That's unusual and it would be very difficult to find a passive investment like that.Also direct control means I know exactly what's going on.

Our privately owned and centrally controlled monetary system, known as the Federal Reserve, and the legality of Fractional Reserve Banking is on a crash course for a battle between Freedom (Property Owners) and Royalty (the banks). 

Assets identified in this study include:Appliances: Dishwasher, microwave, oven refrigeratorInterior Finishes: countertopsFurniture and Fixtures: shelving, built in cabinetry and decorative light fixturesSpecialized Equipment: Electrical systems and specialized wiringHVAC controls and specialized components63.6% of the total depreciable basis was classified as 39-year class life.

Not sure how you believe they could control their cash flow. 

You have more control of your time when working with sellers as opposed to buyers.

Launch in S hemisphere where there is a fraction the air traffic of N. 

Worrying everyday about getting fired for something out of your control?

Since you can't control the sale price, you basically have a $4k cushion to your reno costs, or otherwise you lose money compared to the as-is scenario.

No one is perfect though in RE if your doing volume your going to have a few that are bummers but at least in our program there is control.. not this feeling of helplessness when you hand your money over to a syndicate and they go dark your totally out of control of your funds..