Go to furnished finder and airbnb to compare rents and determine your rate.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Have you thought about using TikTok for this purpose?

You have less control with a property like this when compared to other asset classes.The upside here is that it seems there is room for negotiation because of the below-market rent tenants.If you're looking to put down $200-250K, I would recommend looking into a multifamily property, especially one with additional income potential. 

If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you

Anyone who is crazy high or crazy low compared to the others needs to be looked at carefully. 

How does your property compare to local competition?

Rentometer has avg rents at only $1067/mo so I'm also not sure about paying that much for such little rent for a long-term hold perspective when from what little research I've done you can get more elsewhere for the same buy price - maybe someone looking to park money for tax purposes or an all-cash deal hoping for a big upside? 

Comparing Amazon to Bitcoin is like comparing your local pawn shop to Walmart. 

@Michael IzbotskyAn estate plan serves several purposes, but, in CA, yes, particularly to avoid probate.