So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Why are you giving your friend a deal on the rent?

Have you come across any interesting models or success stories that could be applied more broadly across the state?

That is the best explanation!

I see people blaming the custodian for their bad investment because they had someone on their website.

In Minneapolis, the Downtown East Commons Park, initially built for Super Bowl LII, has helped attract office buildings and residential developments.

And some of them the props have been sold and the investors completely wiped out..

-----The first thing you want to do is repurpose the word turnkey into rent-ready.

Treasury notes increasing have already erased the very short-lived drop in rates and now they are even higher than before the FED cut.