What marketing efforts are they going to do outside of just posting in the MLS.

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

Rental market is pretty strong, there are a lot of good economic drivers.

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

Welcome Surya, I work the Atlanta market.  

My easiest, no hassle, lowest expense rentals are the ones where the tenants stay 5 + years, do minor maintenance themselves, call me immediately with any issues so I can fix them before they become much more costly, and agree to annual market adjusted rent rate increases.  

Ensure your contractor has a clear timeline, keep extra cash reserves, and start marketing your rental rooms early. 

Currently you have a STR lease and can effectively move anywhere the job market takes you.

I bought some commercial properties (5, 6, and 11 units) and they were all off-market and seller-financed.Learn how to make the numbers work for you and the seller.

If I were you, then I would get the pieces ready, but seek off market/on market projects that make sense for you.