PadSplit is not passive but it has been a mostly positive experience for me.His numbers seem realistic except PadSplit fees are typically 14.75% (not 14.25%)which is a 12% platform fee and a 2.75% stripe fee to allow members to pay their rent w a credit card. 

I am currently in CA and have an investment property in OH.

I made above market rate rent over 2 years and I vaguely can deduct how much they grossed and they were probably negative cashflow a little as the business became less lucrative but with all the nice furniture they invested, it should be either breakeven or lost money.

Say I have a first position performing note, what is a typical discount I should expect to give when selling?

You are also selling your own investment ("should support stable tenant demand"), but what is that based on? 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Also, targeting traveling professionals or insurance clients for mid-term stays can sometimes yield higher rates than typical monthly renters.

Typically, there are attorney services in your state that only charge a couple hundred dollars to form an entity.

I have to be completely honest here... you are VERY new to property management and investing if you cannot answer these questions on your own.

This is probably (hopefully) the worst case PM scenario, but, again, no PM is 100% invested in your property and your success — only you are.