It is true a manager will likely take around 20% but a good manager can save you money through effective preventative maintenance, and can gain revenue through better pricing, marketing on more channels + direct bookings, and more.  

Commercial is much more of a relationship/who you know business so your job is to know more people who are the players in your area.

But I do keep boundaries to prevent micro managing.

They are normal to think about, but these kind of questions are going to give you limited beliefs and prevent you from moving forward on a potentially great property.

Let's say someone was bungee jumping off a balcony railing and the railing broke and they fell, injuring themselves.They could sue the property (ownership LLC) because the railing was "not secure".They could sue the manager (management LLC) for not ensuring the railing was secure.They probably will sue both and let the court sort it out.I don't see how 1% ownership of one LLC to another prevents any of the above from happening.

If your lease doesn't explicitly address pest control responsibilities, it’s worth reviewing and considering adding a pest clause in the future to prevent disputes by adding every single pest.

The better question is to figure out how to get insurance and resolving the reason that is preventing it.

IMHO; UD actions are preventable actions caused by tenants failure to vacate the premises. 

@Bryan Balducki a short term rental isn't a bad idea, tho I believe there's many laws in my area that prevent me from listing anything for less than 30 days unless I'm in the unit & available.

I don't think you can raise the rent by installing it because most guests aren't going to be using it anyways and it will prevent guests from booking potentially because your price is higher than others.II say all this as someone who drives an electric vehicle.