He restored it and is now restoring it again. hope it can be a daily driver for me someday! 

So whenever something is wrong my teams address the issues in that rack and stack of values because monies are usually a limiting factor for managers I have delegated into roles of daily problem solving.Culture and Content - Add culture and content to everyone and everything you touch.  

Turnkey is the way to go if you want to be hands off with the daily operations of real estate. 

MLS alerts are delivered daily at 6am for any multifamily properties.

We are in the market daily and always looking for great properties that will work for long term investing or potentially a flip.

Although I have the benefit of being in the space, and a partner that has been in hospitality management in the area for decades.Some ideas (BTW, these are what to look for in a short term property manager):You know exactly how to turn a property the fastest and most economical way, and have the best inspectors.You know exactly what the guests are looking for in terms of arrival experience, cleanliness, and decoration.You know exactly how to adjust rates to be the most competitive and maximize ADR.You monitor your comp set daily and adjust rates and minimum stays accordingly.You area a business owner and run forecasts and P&Ls like a big business.You handle the purchasing and renewal of soft goods, and the owner won't need to worry about that.You can increase their cash flow with zero extra work on their part!

@Eric Berkner every property has a unique amount of "hands-on" management it may require.Forget what is in the OM and budget based on what will be required to execute your business plan.Class C properties may need more daily supervision and Class A properties require more prompt and high-quality customer service.A good property manager can make or break the deal so don't skimp on that front.

You will need to constantly find ways to revamp and update your systems and daily actions so you can maximize every single lead source that does find it's way through. 

Now, I am no math major and I can’t calculate daily or monthly compounding interest to save my life, but I know it’s A LOT more than this amount.

They just have a feed setup and get daily rates from their lenders.