Talk to your CPA first to see if the rewards outweigh the costs.

They should be punished, not rewarded.....You're asking for advice, so here's mine - 1) fire these clowns, 2) get the project bid out yourself, 3) have the repairs done, 4) hire a new PM to manage your new property, 5) go relax and let the money roll in.....

People are migrating from STR to LTR, and those who stay with STR will be rewarded by time, if they keep their documents and licenses up to date.

They all have risks and rewards. 

Real estate investing can be a rewarding journey.

Connecting with investors as a realtor can be incredibly rewarding.

The reward you get for taking on a higher risk investment.The same happens in real estate.

If the fees reward the purchase of more and bigger properties disproportionately, I'm wary and likely out - depending on, or in conjunction with the next point...- What are you investing in the deal? 

No Risk No Reward - I know... but a part of this investment will mean that I'll have to liquidate about 60% of my portfolio to come up with the DP. 3) Insurance right now is at a little over $30k/year, and I expect this to keep on growing.

This keeps you closely involved with the property while ensuring it meets the needs of your tenants.Many investors have adopted this strategy and found it to be rewarding.