Also set up some keyword alerts and read up on the forum to get more exposure.

If it is paint and carpet and I have a buyer before I even buy the place, thus dramatically limiting my exposure I'll go to 80%+, since my risk is so low.  

You have to look at your exposure and try and identify the worst case scenario.

This is an entry-level position and excellent for someone who is looking get huge training and exposure in this fast-pace business with people who have built their own businesses from the ground up!"

The thought is for my Mother to make some rental income through VRBO or the like while allowing us to use the unit one weekend a month or so and pay her the VRBO fee for that weekend rather than stay in someone else's property and pay the weekend rental fee to them.I know the fees are going to be higher using a full service management company but I want to do so for at least the first year or so to get exposure on the property for repeat renters. 

This way (LLC) you can also limit your exposure to any litigation that may come your way from other 3 tenants.

Here is a quick primer on the exposures to loss you face running any size apartment complex.  

Follow the directions regarding exposure.

You will have to pay more for classroom education, but exposure of classmates and networking is priceless.

its hard but with time and exposure you'll or we all get savvier to weed them out.