You can spend your time in worse ways, like watching some silly movie. 

Spend a year learning and going to meetups before you fork over a $50-$100k franchise fee and half of your profits and don't even know what you are doing.

Quote from @John Murphy: Before spending thousands on a course like Pace Morby's, talk to the actual members.

You need to remember that, hopefully, this is a long-term play for you, so work with a trusted STR designer (I have great recommendations), and spend the money upfront so you can be the most successful in your area.

That is good but there are fewer folks looking to spend over $1000 a night on a place.This all looks like a problem waiting to happen IMHO.

You would need to track everything you spend on the business unit and write those off and anything shared would be times 50%.

They take good care of the properties, but there's not enough attention given to pricing strategy and they spend money like nobody's business (not a problem when they were spending their own money on the master lease model, but a BIG problem when they were suddenly spending OUR money as the PM).

I would spend a few bucks on nice ads in local magazines and/or do flyers in areas that are higher income. 

How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?

The reason I asked about the amount is I see people always searching for the "perfect note" when they had 100 opportunities pass right by and spend thousands to buy 5 loans a year which they could have done little work and still found similar loansWe buy non performing to get them reperforming and we also have some shorter term RTL's (performing) for cash flow purposes.