Outside their expertise. 

This takes a lot of time, expertise and knowledge.  

I don't think it's a bad business model, a turnkey company marketing to OOS investors, but since I didn't do business with them, I don't know much about their homes. 

There may be PM models out there that are hospitality based that can drive up revenue, and possibly not be 25%+ for you.

If you're in need of such expertise, I'd be happy to provide a referral.Regarding financial management:1.

@Ryan PhuSince you're new to investing, you have now been introduced to the guru model.

With the lower LTVs offered by senior lenders these days, it may be tempting to look at preferred equity and it may make sense since technically it is cheaper than LP equity, but also keep in mind they have a higher liquidation preference (obviously) but will often want all the cashflow (or a majority of it) to come to them before the LP investors and will also want large reserves, so make sure you model out the cashflows and understand the end-to-end deal with the preferred equity investors.We have some institutional investors with whom we did a combination of a pref and JV deal and it worked quite well for everyone including them and the LP investors.

We’re looking to rebuild our business model and would love your input as a landlord.

The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb.

It's easy to set up an account for each property and sub-accounts under that, which is how I would integrate the profit first model if I were you.