It is common for PMs to stick fees into paragraphs throughout the agreement, this is another red flag.

Most of my renters choose #1 because it provides a clean break.I document everything and I don't accept the early termination notice or start the clock until they pay the termination fee. 

The difference is just UW fees, better than paying a 20% increase at payoff to remove properties. 

I successfully run 1 STR and have a 2nd that an inherited PM handles.I have Vrbo and Airbnb they will sync with each other with no external software.I set pricing easily by using the built in tools that Vrbo provides.Automated messages are built into both platforms.Vrbo keeps my calendar slammed, but I take direct bookings as needed, simple to do.I have no additional 3rd party fees to very sucessfuly run and manage my property needing only a a few minutes per week.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

My pet fees are $30 - $100.

Or even interesting to think about the ability to charge late fees. 

If they are charging you an upfront fee, they are more than likely not legitimate.

Find anyone really to sign a quit claim or make them up, have it notarized (the notary's name is not on the GA notary list by the way), and then buy a property for $90k, you take a $8k hit on the fees, then you get back the overage paid to you by the city. 

LLC Fees, Travel, marketing, etc)You can deduct overhead costs in the year incurred.Costs related to the property are accumulated and factored in until the sale of the property.