It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain. 

I would need to use it as a STR part of the time to help cover the costs and for tax purposes, but I'm not really looking forward to "operating a STR business" and don't need a lot of extra cash flow (I have W2 job that I truly enjoy). 

Had you called a broker you would have had about 90% of that extra money in your pocket.

Sometimes tenants want extra TI on new development than is standard so developer gets them to start out at inflated rent.

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.

In my experience, most who were willing to take the extra step toward having their property professionally managed were relieved to not have to deal with:A.

If you need that extra cash right now, it might be worth it, but you’ll be sacrificing some of your monthly cash flow.Option 2 offers a slightly lower interest rate and no origination fee, which gives you a bit more room in your monthly budget.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

We currently live out of state, so we had to tack on extra days to our visit along with extra hotel expenses in order to make sure everything was fixed.

Whatever extra cash is available would be the cash out.So, for example, if you have an $80,000 loan on the property and the loan fees add to $2000 then:$175,000 * 0.8 = $140,000 loan$140,000 new loan - $80,000 paid off loan - $2000 loan fees = $58,000 cash out