The information contained in this post is not to be relied upon.

They require less hands-on management making them a great way to gain experience and build trust with local professionals down the line.The BRRRR strategy can be profitable but it relies heavily on trustworthy partners. 

Would you rely solely on a local property manager to handle these responsibilities?

And that is true, but that is also sort of like saying "to mitigate the risk of investing in Apple, and relying on their decisions, I will start my own tech company" (okay, that is a bit extreme, but you get the idea).  

Property management - to be profitable - relies on scalable processes and procedures. 

Let me demonstrate why you should not rely on this approach.Suppose you want to compare two properties.Property A:Rent: $1,800/MoPrice: $300,000Taxes: $2,000/YrInsurance: $1,500/YrAssoc Fee: $250/MoProperty B:Rent: $1,600/MoPrice: $300,000Taxes: $800/YrInsurance: $600/YrAssoc Fee: $35/MoCalculating the rent price ratio for both propertiesProperty A: $1,800 x 12 / $300,000 = 7.2%Property B: $1,600 x 12 / $300,000 = 6.4%So, Property A is the better property!

I definitely rely on just peeking at my bank account every couple weeks to make sure things are as expected.

You don't want to rely on your tenants for WiFi service, it's not a good idea.

REI Game Changers is a beginner program that relies on cheap spray and pray list marketing.

Cities near forests, lakes, parks, etc. that have a history of short term rentals will always rely on that.