They marked down accuracy and value.

@Mark Webb:You CAN do the former, but it isn't the smartest thing to do.

I just closed a deal to get to 12 STRs here and I am personally going to hit the pause button and transition towards more LTRs unless something really good comes across my desk. 

I would guesstimate that annual revenue is just below or around the million dollar mark with a labor percentage around the mid 20's!

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

You will likely need to eventually buy another property within the 5 year mark as it is likely hard to justify spending 750 hours on one property(Duplex in a given year.750 hours divided by 52 weeks is about 14.5 hours a week.

And mark these mother-truckers up, they are paying for the convenience... providing you aren't somehow preventing them from buying the stuff themselves beforehand (the way movie theaters do), it's not at all immoral. 

@Mark Adams,I know of Charter Financial, but I don't have first-hand experience. 

With my limited experience explained, here's the situation.I have ear marked a good amount to start real estate investing.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.