Also, in some markets, market demand changes from block to block. 

I associate it with 1,000 sf houses on blocks with no garages and an illegal trailer dropped in the backyard.

Because in reality, by not hiring a property manager, and committing to doing the easier things myself--like unclogging a toilet / shower drain, fixing a light bulb, pest control, calling a plumber--I am committing to be on standby for many hours, which is a sacrifice of peace of mind / being able to leave town or take vacations--and I would like to know if it's worth it. 

Like Detroit, Saint Louis is incredibly "block by block" where one area is experiencing gentrification or at least just a stable middle class feel and that might only be 100 yards away from a street that will be un rentable, un managemeable, and honestly a bad place to get out of your car.  

Unless these folks are the money managers for a money laundering scheme designed to clean blocks of cash with large denominations and private party placement and don't care about 5% US Bond scrutiny (sovereign wealth comes to mind), my first thought when I saw the 3% interest rate was skepticism.  

Auction contract carry blocks on assignments.

PM's who block you from contacting a tenant usually have something to hide.

The opportunity arises after a family member, who has a clean title and owns the home outright, let the property go down the drain.

Has the live calendar that sync's to all OTA platforms. does pricing, blocking which will post to all.

My dad broke up the concrete in just a few locations so water could seep through and drain into the soil, then filled the pool with the cheapest stone and clean soil locally available, then planted grass.