In the end, you have to decide the cost / benefit / risk / reward of doing one makes sense in your situation.COST - You have outlined some of the costs, but not all. 

Hey @Kathryn Lewis, if you are looking to start investing into real estate and STR is your primary strategy, it is important to recognize that this strategy is high-risk, high-reward.

Hi Christopher,Jumping into out-of-state investing can be rewarding if you take time to build the right foundation.

The current system kind of rewards impulsive "lazy" posting 4-answers vs engaging with platform.

Thats fair, we are not doing any of the actual work, so it makes sense to not receive  a lions share of the reward. 

It seems the other services, such as a home buying assistance program and rewards program are just funnels the Property Management company is using to convert the tenants to home buyers where their brokerage can collect brokerage revenue.

Transitioning into real estate can be an exciting and rewarding journey.

Sounds like Mr Turner decided that putting together and raising the capital was sufficient to reward himself $ millions regardless of the ultimate success or failure of the investment.  

A fair split can land in the middle of the ranges you mentioned, where investors are rewarded for putting up the cash and you are rewarded for making the project actually succeed.

You are very brave for doing this, but it sounds like a rewarding adventure!