There was a page in the addendum spelling out that owner hired and was represented by the PM.

I learn well by examples... can someone help spell this out a bit better for me?

Make sure you have a detailed operating agreement in place that spells out exactly who is responsible for what jobs, what expenses, etc.

I think Brian spelled it out already.

It should spell out how you terminate management.  

My current thoughts are to simply engage with this owner every 3-6 months to see if she changes her mind, possibly through mail so I can spell out a few benefits for her selling.

Anthony,You need to spell out the situation to any new agent you are contacting.

The P&S should spell all of this outHow much should youoffer?

MaKe sure everything is spelled out on the bid so your not getting charged for extras you think are included.  

If not I then proceed to draft my own which is just a very simple document the spelling out the parties to the transaction property address legal description and outlining the general terms like Price earnest money deposit due diligence.