@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.

This was our families initial home purchase after renting for a number of years.

Land Acquisition and Initial Costs - How do you determine if a land parcel is worth its asking price?

Your questions are a perfect way to do an initial vet of them for content knowledge.

Many companies charge lower initial fees which makes it easier to attract new owners but then charge inspection fees, after hours fees, fees for additional services etc.

Hi Braeden, my advice would be to shop around for other companies if that is the initial quote you got. 

I found most of mine through Eventbrite and Meetup.com initially.

I get the fact that they want to be compensated for generating the initial inquiry however, wouldn’t they just charge the standard 5% rate?  

Initially rented to long-term tenants, it generated modest cash flow of a few hundred dollars a month with a 4.25% rate.

I don’t know why we didn’t get that vital piece of info in our initial meeting.So my wife and I are extremely relieved .She says she will stay on as a courtesy and if things come up it will just be an “ hourly “ rate for emergency type situations or basic boots on the ground necessities.We really like her enthusiasm and positivity and she is great at communicating and seems  sincerely empathetic to our situation.