I have my doubts about how much hosts are actually making.

I'm an investor and co-host in Dallas, TX--- and that's where I live. 

(The B Side Motel in Bandon is one) currently listed for $2M+ combination of 10-12 units and RV hosting.

While it’s not uncommon for full-service managers, you might find lower rates (~10-15%) or alternative solutions like co-hosting services, especially if you handle bookings, rate adjustments, or guest communication yourself.

Any and all advice are welcome as this is my first time working with a PM/co-host.

I have 4 STRs including 2 for 25 years and I consulted the co-host for local cost estimates.  

Quote from @Thu Pham: Great to hear you are finding a place and getting in touch with a possible Co-host..

I host a free virtual one every Wednesday (that is not new years day) and would be happy to send invite if you like. 

We have had hosts on the platform since then that are continuing to do well and add units.

STR even more than LTR are management intensive and the host can make or break the ROI.