The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

Oh yeah.......depending on how trashed the place is, you can spend an easy $5-10k on demo , hauling and clean-up.

They are however good at 20-25% down commercial portfolio loans if you need a creative solution so it depends on what your intended use is, your preference is, are you trying to get maximum leverage aka lowest down payment or is rate or cost your main preference? 

And, it really depends on the person and their personality.

Depending on how much cash you have on hand, you might be able to pay points on the loan and decrease the rate.

It is usually dependent on the PM software used.

So depending on when you're looking to use the funds a fixed might make more sense. 

Depending on what aspects you would like them to handle vs you then you may be able to negotiate that 20% down lower.Alternatively, look into medium term rentals.

Typical pad site is about 3 acres, but I've seen bigger and smaller depending on the well. 

You are talking somewhere around 5-6 points depending on how much you put down on the purchase.