Curious if this is normal practice or in other management agreements people have signed? 

Hey, here's a weird idea.

There is a storage deal that is actively being raised for over there that you can practice analysis on.

Now, I focus on design and amenities that directly enhance their experience:•Practical Bathrooms: I added a combo washer/dryer to one of my bathrooms because guests coming back from outdoor adventures often need to wash their gear right away.

It’s a good idea to confirm you have a path to record title in a way that’s financeable, even though this isn’t a standard fee-simple sale.The big question is whether it’s reasonable to pay a market-rate price when you’re not actually scooping up the land.

They can fine you for practically anything and they want all the STRs to be banned from the city.

In practice rents will be slightly lower and sometimes slightly lower.

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

In the meantime, I would like to gain experience through employment with an existing real estate or property management company.Is there anyone out there that can provide me with some good advice/guidance as to the best and most practical route to achieve that goal?

It doesn't necessarily mean they can't manage their money—it could mean they're looking for a practical alternative.