Also, if your state allows it, add a clause in the lease and attach a fee to protect you if they leave without notice. 

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

Sometimes you can find a large enough company that you can sub everything out to them and get paid on a commission or flat fee basis, or you can get the property platted and sell it that way.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Qualified renters can opt to pay a non-refundable monthly fee instead of a traditional deposit.

There's very little to no crouching tiger, hidden dragons.

How much is reasonable for management, accounting, and rental commission fees?

For me, that includes late fees, the cost of the eviction filing, etc.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

They typically take a portion of whatever they save you as their fee.