We’ve automated the process and eliminated the back and forth negotiation by sending a simple renewal letter 60-90 days before the renewal term.

Aim for 15% of purchase price in yearly revenue6) if you don't purchase turn-key, come up with a furnishing plan7) get pro-photos, find a good cleaner, either via Turno or preferably by talking to locals8) a lot of youtube videos will overcomplicate the start (launch of 5 platforms, build a direct booking site, get the worlds best smart lock, automate all sorts of messages, connect to dynamic pricing, etc.)  

Through my cleaners, pms (Lodgify) and 3rd party apps (schalge home lock, ring doorbell, google home, turno, jervis), 95% of the property management is automated and i spend less than 1hr per week on property related tasks. 

First $1,600 for origination fees, then $3,200 for MIP (Mortgage Insurance Premium), then $1,600 for mortgage security instrument, then he sent me an approved wire transfer from some fake Chase bank with the loan amount to be wire  transferred to my account.

4) AI and automation - All expanding recently, and nobody knows to what extent they will affect employment.

It’s not considered a good long-term debt instrument like you may have been taught, so without the equity there and ability to resell the property in the near future for a profit, there’s really no point in doing subto. 

It is potentially possible that a scenario would not get automated approval through Fannie's automated system call Desktop Underwriter (DU/DO) at 75% but would at 70% but again if that was the case it should be explained that way.  

We have processes in place to free up alot of my time and automate so while I won't be stepping away completely I'll have time to pursue other things.

I will likely lean towards automation, though.

On the other hand, REITs and real estate notes require very little time commitment, as they involve investing in a company or debt instrument.