The standard industry practice is around a 1% origination fee, but the borrower can decide how many points they want to pay.

In PA we have a 5 day standard period to review leases and ask for all info regarding tenants. 

Your strategy could attract a specific niche of renters or vacationers looking for more than just a standard home.

You'd be looking at a $4000-$4500 monthly payment on a standard DSCR if you paid off the HELOC and the 2.99%

Going to guess your PMC vetting didn't include asking questions about HOW they would execute their services.Below is part of a standard copy & paste advice for those looking for a PMC.

We truly believe in fostering community and providing affordable housing while maintaining a high standard of ethical management and resident well-being.We are definitely looking into growth opportunities for our properties here in Norfolk, but we’re taking a careful and steady approach to ensure we can continue delivering quality for our residents.

They keep changing the standards for efficiency and the prices keep rising... 

So, they make the process of being an investor seamless and you having to do nothing as they after you closing turn into you management company with a standard 10% management fee (which I am okay with). 

There's not really a legitimate company with any standards in the area.

You’ll have peace of mind knowing exactly what’s behind the walls and that everything is up to current standards.