you will not want to take documents from anyone on line and will want an attorney to create docs for you which would range from $5-$10k.Regarding management fees, 1-2% is what those fees typically, are so even at $1M you are taking $10-$20k/yr in management fees, which probably does not get you super excited, but thats where they typically are.

We have an S-Corp that manages both LLCs, so I can take payroll and contribute to retirement accounts. 

I would appreciate any guidance on managing these types of financial partnerships and navigating a dynamic, competitive market.

Full disclosure: I’m a realtor and property manager and have been helping my clients buy these and then I take them over for management after they close. 

I'm a Realtor and Property Manager.

While specific rental data might be scarce on platforms like Rentometer, local real estate agents, property managers, and online rental listings can provide more accurate rent rates and market trends.

We are STR property managers here in Orlando.

Keeping your payment in the range of rents (allowing for expenses a homeowner will pay and a tenant doesn't) tends to keep owner-occupants on track.Your attorney or an attorney-owned title company can create the docs and manage the closing.

I used to be a property manager in Los Angeles and moved back to Pittsburgh, PA during COVID.

https://awning.com/vacation-rental-property-management/jacks...