For cap ex, vacancy, and maintenance, 5% each or 15% total would be pretty common amounts to budget.So, that means about 25% of your income rent will go to the PM, cap ex, vacancy, and maintenance.

Also your risk profile and total net assents in each LLC matters too. 

It would be ideal to start here for a hands on approach, but honestly, if the deal is good, I'd take it in any profitable market.

On one hand, it is nice to have some bookings to send forward, but the flip side the bookings could be crappy ones.

It sounds great, but it's all just words at this point - speaking from the experience as both an operator, broker, as well as someone that has experimented first hand with different tools. 

I had my hands on way too much as usual, and as always, the amount I saved in doing so was probably negligible when considering the opportunity it cost my in my job as a Realtor.

Use this get get more cash in hand.  

Column A - year Column B - total units that year, adds previous year total to new units added in Column CColumn C - new units added that yearColumn D - $60k per unit value added for that year (assumes it stays at $60k per year which is wrong, but you could tweak to have it match the 2% inflation from columns E & F)Column  E - takes previous year value from column F and multiplies by 1.02 or 2%Column F - Adds columns D and E for the current year.

Is it as simple as the guest or someone has altered the total nights stay?

I consider myself day 0 total noob on section 8.