As an owner-operator you will be able to screen tenants a little more carefully than a PM typically does in my experience. 

This is a good question and to keep the answer short and simple; it is typically for the tax benefits.

Tenants typically stay that long because (a) the rents are way below market and they can't give up a good deal, or (b) they are bad tenants who enjoy the freedom of living under a weak landlord.

Typically, I've seen $25-50/mo for the pet fee

Technically, it's the responsibility of the lender to cancel the mortgage.However, as private lenders we typically request that the closing agent draft the cancellation document and send it after the closing is completed.The lender can then execute (sign, notarize & have witnessed) the cancellation doc and then return the original to the closing agent for recordation.

Say I have a first position performing note, what is a typical discount I should expect to give when selling?

.- $150k worth of 5/7-yr property which is appliances, cabinetry, carpets etc.This is pretty typical for a commercial property cost segregation, and I see nothing wrong with it.The problem is in the line above that, called "Selling price."

The information is typically - lease start and end date, how much rent is, what the security deposit is, and how much in advanced rent there is.

PadSplit is not passive but it has been a mostly positive experience for me.His numbers seem realistic except PadSplit fees are typically 14.75% (not 14.25%)which is a 12% platform fee and a 2.75% stripe fee to allow members to pay their rent w a credit card. 

Typically, there are attorney services in your state that only charge a couple hundred dollars to form an entity.