I am also looking for information regarding fee structures, and what item's that should be and should not be included in the management fee calculation. 

Their familiarity with the local market and diverse financial products could be beneficial.Huntington Bank: With a significant presence in Ohio, Huntington Bank provides various commercial banking solutions and has a history of working with business clients, including those with complex ownership structures.PNC Bank: As a major regional bank, PNC offers comprehensive commercial banking services and has experience dealing with corporate clients, which may align with your fund's requirements.It's advisable to contact these banks directly to discuss your specific needs and assess their ability to accommodate your investment structure without personal guarantees.

Water heater 12 years to replacement (may need some service before replacement).Recognize many cap ex items are years away.  

A STR is both a business and a real estate investment.Having little oversight on a newly formed business would make me anxious also.As others have suggested, you should consider going to the area for the initial items(Purchase, renovation, etc).Once you buy 1-2 properties, you can look to unload these items to someone else.Best of luck

We can't do the inspection until all 3 of those items get installed. 

We live in a very intersting, diverse, and complicated market and understanding the intricacies is very important - especially for a new investor.Markets in the same zip code even have their own submarket and tendancies depending on location and its important to look at things hyperlocally in philly.

Of course, developers (sellers) and builders (buyers) have debates a lot on those various line items in the proforma (especially hard and soft costs).

Unfortunately being a rookie I went with an inspector that came from a company that had a solid website and the inspection failed to spot many items.

This has helped me in the past when a unit has been damaged and/or small items are misplaced like silverware, pots/pans, etc.

The master would pay for the business items like - car, office, paper, etc.