But none of your fees should be a surprise or up in the air!

I use the credit rating to show me late payment history and outstanding debt. 

BRRRR is Not Dead: How to Scale in a High Interest Rate Environment This Thursday November 30th at 2 PM EST Palak Shah and Niti Jamdar of Open Spaces Capital share their SCALE framework—a spin on the BRRRR strategy that will help you develop your real estate portfolio, even when interest rates are high. 👉👉 Click Here & register for the Event NOW!

The k1 is passive income to you taxed at the favorable capital gains rate.

Based on a quick analysis, you're looking at a ~4.2% cap rate (Before Debt).

You also have 4-6 properties appreciating at market rate.  

This includes how you furnish, what rate you rent it for, how you market and find your target customer.

I've performed a few 1031's and had to pay initial fees.

After taxes and fees, and depending on if you plan to depreciate it at all, you may not have to pay anything or much in taxes. 7-22k spread minus closing costs (also the eviction costs are a write off as well) isn't going to be too much in taxes depending on what you decide to do. 

Is it the base fees, or is it the actual use?