I won't be living in any of my next buy and holds so I was looking for a new model.

Surely your business model cannot handle the expense of replacing the toilet, let alone major repairs like  replacing a broken water heater.

The pertinent piece for me is the right to cure every 12 month period in terms of getting better tenant compliance because their option fee is now at stake instead of just one month of deposit.What I realized that I need to adjust in my Excel model is that I would be entering a contract to sell the property now for an agreed upon value greater than current value.

@James Wachob - Oops, just looked at your profile and now see your business model. 

Dev, have you developed a business model on how you scaled your business?

Another great way to get ideas is to visit model homes.

This guy cleans your exact model in this video:https://www.youtube.com/watch?

Of course, nobody thinks they are over leveraged until there is a recession, when your model is stress tested, that is when you get to find out if you are over leveraged or not.

Though the business model has existing for many years, sites like CouchSurfer and AirBnB have lowered the barriers of entry.

No way I'm letting some random drive my model S.