This will be determined by normal market supply and demand - and researched through property managers, or various online tools that all seek to understand comparable units for rent in any given neighborhood.3 - there is no "right" way to calculate return on investment (roi) - it varies with the property type and your investing goals.

The one thing I have always run into is that they also want to do an appraisal, which is why I normally have leaned more on my hard money lender to take down the off market deals.

Traditional lender I normally work with, will not lend unless I do a quit claim into my personal name from LLC.

I got the pigs being led to slaughter vibe- is this normal for investing with syndicators?

Houston House apartments in downtown Houston, normally accepts Airbnb.

I normally use allpro heating and cooling for a yearly tune up and they are great 

The other option is that he continues to pay rent until a suitable tenant can be found to replace him (or the lease would normally expire).What does his lease say regarding this issue?

You pick some scenario that most people won't qualify for, advertise that, knowing you will lose money on that minority of transactions, and jack up the pricing on the commodity stuff that normal people actually qualify for, to make up for it. 

@Josh CorbyLLC's are pass-through entities unless you made an election for them to be taxed as an S-corp.You earn income as the LLC earns income regardless if the profits are distributed or not.Draws normally only effect your basis in the LLC.

I require all to be broom clean and within normal wear and tear.