What happens in the case of MI is they end up with the best house on the street because their rehab quality is so high.  

Your question is so general that there is just too much information to learn for a blog post

@Douglas Furia Welcome to BP, everyone on here is so informative and helpful. 

Interestingly, my properties are in markets where VRBO is generally tops, so I can't say why my proportion is so different, but there you have it.  

Vetting tenants is so much easier now.

So glad I found it, there is so much information to soak in here.

The area is so student dense that there shouldn’t be any issue finding tenants but attracting the right ones would be important

El D is so close to Wichita, that trying to do a niche market probably wouldn't work because of nearby competition. 

If you bring an investor in on the deal then you need to make sure all of the accounting is done correctly in order to know exactly what the profit is so that you can split the profits according to the agreement.

I guess it all depends on how much time your day job requires and what the opportunity cost is if you focus your time and energy on REI.For many high-income earners, that opportunity cost is so great that they truly want passive investments and partner up with experienced sponsors rather than becoming operators themselves.