why not hire a professional PM

San Francisco has a number of hospitals for travel nurses and other medical workers and probably corporate professionals who travel there.

This strategy is very effective, especially on houses with lots of parking and houses with lots of bedrooms and bathrooms in areas near the popular locations around town.Realistically, you can get $750-900 per room that shares a bathroom, and $900-1100 per room that has a private bathroom.

For owners it would be that they think of you as their own personal assistant and not as a professional and they monday morning quarterback every little thing that goes on in your property. 

those are judgment calls to be made in coordination with professionals

Rental of a private home is different. 

Now, the Mgt LLC can lease out the property.You just need to make sure whether your Mgt LLC needs license, and be sure to get it insurance since its operating as a business.Consult a qualified professional...

I’m raising private funds and am in need of a a written agreement.

There's already post here with a response a few down that covers the types of forms that you should be using: https://www.biggerpockets.com/forums/49/topics/413352-private-lender---forms-requiredTypically, the lender (you) provides the forms after their attorney drafts them, but the borrower (your friend) would pay for the cost of doing that.  

Strive to build a strong team of professionals, including property managers, contractors, and advisers, to help support and streamline your investment efforts.Remember, achieving financial freedom takes time, dedication, and smart decision-making.