@John Jacobs I require my borrowers to have policies that cover replacement cost. 

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

Most individuals can originate the debt these projects require as well so its not as if your signature is opening the doors to properties these partners couldn't purchase on their own either.  

., as Chris noted, the required documentation will be outlined in the LP Agreement you signed.

If so I would thoroughly ready this to see what they require and what you agreed to.I doubt you can keep your permit if you refuse their inspection.If you are doing everything as you should, you shouldn't have anything to worry about.

Permit eligibility is based on region (usually the west side of town) and density (quantity of surrounding STR's in the area) as well as percentage of landscaping and minimum parking requirements. 

The capital required for Denver, and limited cash flow makes it a tough market to get your next one.

The deed transfers to the trust without triggering due on sale and that is the only item requiring recording in the process.  

They were thinking of planning another one that required massive loans (7 figures). 

Lenders will still require a personal guarantee since it is a full recourse loan.