This model is adaptable to both MTM and long term leases. 

Typically, the contractors I approach will go into "sales" mode, telling me why they'd be great to work on my projects and why I should call them to set up a walk-through...I guess every situation is different...

Since hard money loans are by definition much riskier than bank loans, the return, hence interest rates must be greater, otherwise why would anyone invest in these riskier notes.Our business model is a perfect example.  

If the model is covering investing in discounted loans then you actually need to put the principal back in.  

Like I said,  the model is almost irrelevant.

Once they miss a payment and break off contact, the writing code a on the wall and you have to move into by the book mode to get your place back fast.

His model is alive and well and will continue to ruin investors. there is no way it cant even if they rehabbed the homes you simply cannot buy the cheapest ghetto homes and expect solid returns.. and your running a high % chance of losing significant money.. your asset is only worth what they paid for it after its been trashed a few times.. 5 to 15k max just what they paid for it from the local wholesaler community.  

Are the guests potentially more prone to be noisy or rowdy since they are in 'vacation mode' as opposed to say a longer term tenant who uses the property as their main dwelling.

They need to understand each of them are liable in full, This might not sound fair but trust me it is very important.Since I am posting I wanted to tell you how impressed I am with your acquisition model.

And while there IS free training sessions at KW, a lot of the good stuff costs money and is why their business model is so successful.Good luck with whatever you decide and I hope my points gave you some more to think about and to look into more options than simply those two.