There is a lot of public info out there on their funds and how they are (not) performing.  

but with that said, it seems like you're assuming OP will be able to have a high performing / top performing STR (which i think we would all agree would beat unleveraged market returns.) 

Come to think of it, though, I can't imagine why they wouldn't let me perform one just to understand how much I can offer.  

Originally posted by @Anthony Dooley:@Jeremy Zalman good point.

The buyer completely takes over the original loan for all legal, tax and practical purposes.

He even agreed to selling me one of his since it’s already performing and ready to go.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Property Selection & Setup: Are there certain property types, layouts, or amenities that perform best for STRs?

Any one have any feedback on them and/or their performance? 

Cold calling is already such a poor-performing strategy. the ONE thing good about cold calling is that you are talking to a HUMAN, building rapport, and asking and answering questions.Now that ONE good thing about it is taken away...Like David above me, no experience, and it would indeed be interesting to see how it does, but that doesn't take away from what I mentioned above.