I want to make sure that both of us feel like the deal is fair and equitable for the risks and rewards involved.Any guidance on how to approach these key questions would be greatly appreciated!

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Price needs to be fair but how your clients are treated and the service will determine your success.

If we got into the same situation as 2008 do you how do you think you would fair? 

Make the place nicer or lower the price to get bargain shoppers. 

Any good agent can negotiate a fair commission out of the seller side if they are bringing an offer. 

So repairs are done at a fair price the same day/night.

CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive. 

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

All of us Buffalonians are bullish on the Buffalo market and the Bills, but we have fairly biased opinions LOL!