Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

Of course, everyone gets to set their expectations.

After pointing this out, I would have expected the cost to be eaten by them.

Improvements took longer than expected.

You can talk to him / his team in the monthly meeting but they're on an agenda so don't expect to much one-on-one type support there.  

Too bad other hosts don't consider the new expectations we're receiving not only from guests but also OTA sites.

Trustin your PM partner is important and they will follow your lead, so don't expect them to provide you with your business plan. 

Expected sale price?

Habitutal seems the better plan unless the amount owed to you exceeds what you expect they can pay.