Because a large percentage of the charges are base fees that do not change based on use!

PM fees are high, exactly because so much work is required in managing STR.  

We are considering the following options:-I purchase the property from my aunt – Perhaps we can do seller financing to reduce fees?

You will never get the $ back in the fees etc. you are gonna pay with penalties, your returns need to be absurd.

The 5% of the remaining balance late payment fee is a little much IMO. 

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

Especially after capex, vacancy, management fees, etc etc. 

I spoke with Daniel E who seemed like a nice guy but as I learned more he told me there was a $1200 yearly fee to be a member.

Tax structuring and LLC advice you can get for a paid fee too.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.