I think they maybe charge you a reactivation fee if you decide you need to access that information, but I didn't need to so I can't recall for sure.

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

Can the landlord also collect attorney fees from the defaulting tenant?

PM fees are high, exactly because so much work is required in managing STR.  

I guess they think these investors are accredited so a fee structure is a good model.

I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

A common misconception is that real estate properties under $1M have a smaller tax basis and therefore do not benefit from a cost segregation study due to the associated fees.

There are plenty of resources online including anderson youtube channel, few other sources are :https://wcginc.com/kb/ and https://wcginc.com/fee-structu... -- They have fixed fee structure to compare with anderson advisors without any blatant selling tactics https://www.kbkg.com/" class="redactor-autoparser-object">https://www.kbkg.com/https://go.empiretaxusa.com/61...If you attend any tax-wise or other 3 day events with anderson which costs $197 + travel expenses you will get enough knowledge on how they operate and you should be able to understand what LLC structure is beneficial, also they have a large collection of online videos with plentiful of information on youtube and tax tuesday webinars.

I’m not sure who paid legal fees but they must have been significant. 

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).