The thing you need to keep in mind is that there is more to a deal than the famous formula.Do you have a solid reno cost or is the $30Kish a swag? 

For instance, I recently found an off market property in Phoenix that is valued around $425,000.

Reason I ask this is I believe a famous name doesn't necessarily mean the business is well-run, it also does not mean it is not well run.I have seen it from both sides where there are well run companies and We have a borrower who is pretty well known, was just seen on a red carpet, is a great sales and marketer, but is being sued by everyone and anyone because of defaults. 

So this is why this is challenging, typically in these instances when you're also the operator, typically you may get 10 to 20% of the profit after giving a preferred return to the investorthis is why you are better off getting a loan and getting 80-90% financing and they include 100% renovation costs 

Perhaps it moved the needle in some instances from a 4 star to a 5 but I have no way to know that, and no guest explicitly told me so. 

For instance I buy and sell in Arizona and Texas and dabble in a couple of other states. 

In some instances, you can get higher LTC but that will be dependent on borrower and collateral. 

For instance, taking over someone's loan (Taking a property "Subject To" existing financing) makes no sense if you owe more than the property is worth. 

For instance, I know several investors who have a strong background of executing a flip.

It's critically important for the realtor to have a very good grip and understanding of what is to be expected on the rental property performance (both financially & maintenance/capex repairs wise) when you make that handoff to a property manager.What I mean is that there are instances where if the realtor is simply "pushing their product" as I like to say, and not really understanding how their clients rental property will perform, setting their client up with unrealistic and incorrect expectations - then you are setting yourself up for failure on the referral handoff.