You will need to reevaluate your contribution to the deal and percentage ownership.

It's a small percentage of guests or Travelers who want the one on one attention that a person managing their own property can give.

These percentages tell you absolutely nothing of value.   

I am writing my business plan and I am trying to figure out how I will include in the renovation costs from a percentage of the purchase price, This is if I even have to because of the business type?

In terms of cost, you just give up a percentage of the potential collected rents so there normally isn't' an up front cost to send someone to collections. 

From the lenders perspective, this would be treated as a "gift" from them to their daughter who will be the person taking out the loan without a co-borrower, but still adding the client's name to title at closing for the percentage equal to the real estate sold.

He may use a property manager what percentage would they take monthly? 

(the default for 2, 3 and 4 tenants and so on) you would include the shares or percentages in the grant.

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).

Sometimes it's 1 for 1 and sometimes it's a percentage of the cost if the market / land is super desirable.