Seems to me that the % ownership should be tied to actual cash in the deal with consideration for other work involved in making the deal happen. 

We are in a weird spot as the attorney we used created the LLC but never sent us the final Operating Agreement (only the draft without our actual names on the signature lines). 

I'd start by assessing their performance - compare the actuals to the airdna / bnbcalc projections, assess the ratings and reviews on the listing.

only if it doesn't work ha    Lots of great feedback and advice here all comes down to your values and after that your goals work on those first to slow your process down and really get clarity on what you are actually trying to accomplish.   

I would do absolutely nothing.There is no reason to compete with stupidity as it will weed itself out.If one property comes to market at $400-$500 cheaper than actual market rents ONE lucky person will get that property and one foolish landlord will be losing a LOT of money.This would literally have zero impact on my ability to rent my place and I wouldn't for one second allow it to influence my pricing strategy.

I thought that was odd, but since I am new to the market I wasn't sure what peak demand season actually was. 

(I found an awesome BP interview video via Google about ARV and thought it quite funny that I actually didn't check here first).My intention is to continue learning all I can from here, friends who do this, and anywhere else I can for a month and then jump into making my first educated move.

If there is an actual renewal option with a written renewal term in the original lease then typically there is NO broker.  

The interpretation of data is actually partly a science and partly an art.

I have adjusted my numbers and looking at 6.83% so came to the same conclusion.We actually own a 20 acres adjacent to the 3 acre lot and plan on building our dream home there.