You can get great cash-flow (In the right locations), use conventional loans (lower rates), have less to manage, and get in for a lower price.

I did this in a beach town 1.5h from Boston and in our peak weeks we did a Saturday to Saturday (10A check out and 4P check in) and it made life a lot easier for management. 

With regard, to how a property is managed, you have no concept of what I'm talking about.

After remodeling the property and adding a better property management team we are upscale to almost 300 tonight What was the outcome?

The previous Owner’s property management reached out to us if we would continue with their services.

Attend events, make connections with nearby investors, property managers, and real estate brokers, and look for mentors to help you along the way.

Be sure you have the tools necessary to manage the loan properly.

What do you consider a fair management fee?

Save this post, because if you think you can find and manage Class C tenants from OOS, there's a VERY high chance you will end up being penny-wise, but dollar-foolish.Hopefully, you'll be able to recover from your mistakes & losses and won't have to sell at a loss.

It also felt like they are pulling from something that talks to the bigger management companies with larger MFH and lower-end SFH, whereas my area is mostly mom and pop operator with SFH and the BP calc wasn't differentiating.