In addition to keeping doors and windows operational, requiring renters insurance, develop a standardized criteria that you will apply to all dogs/cats.

Pre Payment penalties are standard of 3-5 years, and can usually be eliminated completely for an increase in the interest rate of 1.5-2%+/-.

The other popular open floor plan was American Standard 

Tenants don't see any difference between a den and a bedroom as long as it's a functional living space, so you won't run into any issues thereIt's unlikely that you would have to pump out the system more than normal with standard usage, but one thing I would recommend is to always ensure your septic alarm is fully operational.

I just want to know if there is an industry standard or convention in this situation for how these things are divided up between the PMC and on-site management.

Hi Steve,I am certianly no expert but I believe the P&S agreement on a Sub 2 is not necessarily entirely different to a standard P&S agreement but I have seen Sub 2 versions to have verbiage such as the excerpt in the sample below, in addition to all the other standard clauses/ sections - as with anything, I would suggest you run this past your attorney to confirm it works in your state/ for your needs.

Section 8 standards in our area are high (depending on the inspector). 

I am thinking of a lower Fund Management fee, as my company will also have a property management fee, and I will also build in a percent ownership for putting together the whole deal, but I don't really know what is standard (or if there is a standard).Thanks @Henry Clark. 

The 13-unit original motel, built in 1958, has been completely renovated to 2023/2024 standards and upgraded with all new electrical, plumbing, and internet structure throughout.

The standard prices shown are what pretty nice SFR are going for in town right now - and good luck finding one, btw.