I spend a lot of time at work thinking about "digital transformation"..... we're going through a physical transformation in terms of how ppl work and live and its impact to our physical commercial property impacting downtown office space, the banks that finance these places, the small businesses that rely on business commuters, the infrastructure facilitating commutersChicago is not unique - Indy, Atlanta, etc - https://www.wsj.com/real-estate/commercial/even-a-booming-ec...

However, it would be great to accomplish it digitally.

We'll never scale if we source out the management - most professionally managed units rent for more per night, but have a lower yearly occupancy, and from my research, tend to bring in lower quality service resulting in fewer or lower star ratings.To the OP's point though, if I were to calculate the hours per month I spend managing....after over a decade doing it, it's certainly not double-digit hours per month (with 90-95% occupancy). 

Couple hundred bucks a door monthly cash flow, double digit ROI, and yes the prices appreciate and you build equity.

@Tim Bender already checked "lender" no nmls# id and no 18 digit MIN no match

Digital marketing and direct communication with the seller...

I surely don't know but below are my top 3.As a percentage of revenue aggregated over the past 12months my top 3 expenses are cleaning, supplies, Capex.1) Cleaning expense was 17.5% of revenue ( includes hot tub services)2) Supplies, both durable and expendable  11%.3) Capex - 16% ( this expense was self imposed to upgrade and add value to the property - 2021 Capex projected to be less than 10% and 2022 >1%)Note: All other expenses are each in the low single digits.

Those rates are in the high single digits to low double digits typically and are going to be adjustable.

The yields are typically single digit. 

@Montez B.Metro Detroit Is a Greta market for cash flow and has all ranges of properties.My portfolio is here and I love it.Purchase: $80k-$130kRent: $1200-$1450ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.