This community is full of helpful resources and knowledgable professionals eager to assist during your journey.Have you chosen a brokerage yet? 

Fee for professional services are not typically based on the profit or value of the project.

I represent a lot of buyers in Tampa, and some hire me for full service PM, limited service PM, and some self manage. 

Consider Autohost or Hostfully both offer robust guest verification and deposit collection, tailored for professional hosts.

Considering that he isn't there personally for the renovation he hires someone to manage the construction project.

In your second post you recommend hiring "a legit STR manager and pocket[ing] the profits".

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

We’re focused on building a strong network in San Antonio and its surrounding areas since our goal is to acquire two properties per year to enhance our portfolio.We’ll be in San Antonio next week or possibly the week after and would love to connect with local professionals—property managers, contractors, investors, lenders, and others.

But if you or even someone you hire were to violate collections laws, licensing laws, securities laws, or bankruptcy laws, you could be fined (or sued) for much more than the investment principle.

Readers should seek professional advice.