Then they will still have to go through an expensive time consuming foreclosure just to get it back and carry it on their books until they eventually sell it cheap. 

Sure AirBnbs can be a little more time-consuming to manage because you are orchestrating cleanings, check-ins, etc.

I'm no longer seeing any advantage to it as a consumer.

In today's market, I personally am not buying anything that isn't a near gut remodel, because consumers are willing to buy any house that essentially only needs cosmetic work but is livable, so prices don't leave any profit.  

Other states may not be as strict, however, as a consumer, you certainly want to protect yourself from a contractor charging a draw for services not rendered yet and then taking off. 

But we also wanted as many eyes as possible on the property and let consumer's desire to not lose let the price run up.  

It was hard, messy, time consuming and exhausting.

By keeping the selection process as the focus (required walk of the property, online application and screening for a required move-in date), it avoids getting consumed by those who have other agendas. .

It gives MLS level information on the agent side with Pro and still syndicates all MLSs like Zillow and the other major consumer sites.

I am obviously new and am consuming the information in here daily but still fell I am missing direction.