On paper and in practice, the BRRRR strategy is great.

They don't want to do the extra paper work.3. 

You are typically paying retail or higher for turnkey so can't expect much appreciation growth in the near term and cashflow on paper vs reality are 2 completely different things.

Anyone can put numbers on a piece of paper and the moment they do, they are wrong.

You are feeding this hungry beast every month and you are seeing nothing in immediate return, and only a return on equity somewhere on paper or down the line when you sell the property.  

Finally someone visited on 8th day and removed fans and dehumidifier and suggested me to sign a digital paper saying it just says you are satisfied with our work.

It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 

Anyone who quit their W2 for REI had the ability to probably withstand and succeed from 2 real estate cycles to where their paper net worth is huge but their liquidity is still tight and getting tighter with increases in everything price wise.

With all the reams of paper I have used along with the $1000s in overnight fees,  I could have easily bought another property or 2

Lay out on a piece of paper.