I agree with Brightdreams and Johann.. have had losses over 50K due to their broken 'renovation promises'.
I would advise to steer clear, unless you like litigation with unpredictable endings.
Yes, they have a model.
Yes, it's hands-off. - It works to their advantage that you never check up on them.
When you go to sell the property(s) - and I've owned 4 now, and the story is the same every time, you find out the property has never had the promised renovations, and/or it is in poor condition and you can't get what you paid for it, despite an increase in real estate market since you bought it two-three years ago. You end up paying for the renos yourself, and our losses have climbed to over 50K with just the last one we sold.
If you don't sell within the first few years, you'll never find out these issues. You will assume the wear and tear is normal.
You won't discover the renovations weren't done, and the unit shows poorly, therefore the tenants they put in are poor, and the unit rapidly declines from poor to worse. I have horror stories, backed up by reports, pictures, and contradictions in writing, from the company, management, president, you name it. Saying they did renos. Saying they weren't supposed to. Saying they couldn't do them because of tenants. And on and on.
If you have had similar nightmares with one or more PPG property, let's discuss. We may want to move to class action law suit.
Take that as a cautionary tale- if you are considering PPG, I advise to stay away; and I wish someone had told me the same years ago.