Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

There's no charge to me to get these funds except a yearly fee of 200.00. 

With IoT monitoring everything I could have theoretically been charged a late check out fee.

Below are some actionable steps I plan to take after identifying a market:- find a rock star agent by referral and/or calling brokerages and asking to connect with their top producing agents- find a rock star contractor by referral and/or yelp- have control over construction by setting per diems to incentivize contractor to finish the project on time, within budget, and with good quality- leverage my rock star agent's time to check up on the construction process (checks and balances)- hire independent handymen/inspectors to check up on the construction process for a flat fee (checks and balances) There's competition everywhere, you won't escape that in any market. 

Yes, those are the standard fees and pricing you'll find at most PM companies.

the fee-based services seem worthwhile at least while actively looking.   

If what you say is true, I know my base fee would be roughly half or a third of that for your situation if that helps to give you perspective.To speak to the other posts in reply to mine, I appreciate the clarification.

Your management fee is way too low, especially if you're doing everything for the owner.

Qualified renters can opt to pay a non-refundable monthly fee instead of a traditional deposit.

But that wasn’t what the funds were for, they were origination fees - not prepayment for his time to go find a lender.