The legal fees and filing fees for the Reg D package average about $10,000 or so.  

Each closing, whether multi-family or single family, is going to have some of the same costs: title insurance, attorney fees, inspection fees, appraisal fees, fees associated with financing, etc.

Here is the link to the calendar for you to get an idea: https://www.alamoreia.org/Calendar.aspxThere is an annual fee to become a member of a REIA, but you don’t need to be a member to attend certain events.

And I don’t know if they’ve ever given up a power they took or a fee they’ve imposed. 

With the retail center the leases are all NNN and those leases had management fees baked into the leases. 

There are no taxes, but there are still fees which work just like taxes.

Can I charge them fees & rent for storage of their crap? 

However, there are also some downsides to consider, such as higher fees/interest rate.

While they generally have higher market Cap Rates than Class A properties, it is still variable whether they will have good cash flow or be an appreciation play.Class C Property:Continuing down the scale, Class C properties are generally 20 to 30 years old, and pull in blue-collar and moderate-to-lower income tenants who will generally be renters for life.

Ya, just from a quick pull in AirDNA, the Conway market has 1700 active STRs so that's promising.