They will take the permit fee and send an inspector that will provide some assurance that the work was performed correctly.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

And @Michael Plaks is correct that setting up in GA didn't avoid the CA LLC fee. 

Property managers have established vendor relationships and can handle issues quickly.Cons of Hiring a Property Manager❌ Lower Profit Margins – Management fees (typically 8-12% of monthly rent) eat into your cash flow, which can be a dealbreaker if your margins are tight.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?

-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate? 

Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.

On properties that ranged from $30k-$60k....a 20% referral fee?

The entry fee is 8% the existing loan carries an interest rate of 4.125%.

Especially after capex, vacancy, management fees, etc etc. 

Private Money Lenders (PML): More flexible, relationship-based funding with lower fees.