Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

Is the portal that the landlord and tenants use an additional charge?

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

In addition, when you have leverage you have the other benefits which @Ali Boone mention.

I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

These are professionals with additional training and a stricter code of ethics.

In addition, education can only teach you so much - what type of experience-based learning do you receive when joining these teams?