Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

There is extra costs, more regulation, and more liability. 

The primary risks at this point would be       1) to your lender, the risk of a margin call.       2) To you; underestimating the true cost of a project and cost overruns      3) To you; legal risk of securities regulations if you partner looses money. 

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

You can also gain valuable experience virtually and offer low or no cost "co-hosting" services.

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Tenant shall be charged $[amount] to cover the cost of this force-placed insurance.The other lesson is that you should never hand over keys until you have proof the Tenant has met all requirements.

If you ever want to get into a tenant nightmare of costly potential litigation become a landlord, have the ac go out in Phoenix in July, and inform the tenant that you just don’t have the funds to replace it!.    

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed.