With regard to the fees that is much less expensive than a Delaware Statutory Trust where fees can be upwards of 20% which is totally unacceptable unless you have absolutely no other options. 

I’m hoping to establish a reliable stream of unearned income through real estate investments, but I’m new to the field and looking for guidance.I have around $35,000 saved (excluding stock investments) and would love to connect with someone who can help me navigate this world.

Since then, property has been brought to market rent and vacancy was held under 4% in the last year.

You have the right things to analyze here, but STR might be a tall order to do arbitrage unless you have the funds to go heavy on the furnishings.

Hiring a PM removes me of land lord duties.Cons: this property is no longer a cash flowing entity. 90+% of money goes to the DSCR and expenses. 

Neither one of you are going to want to have to explain to your future spouses or significant others that you still own a house with your exes (and deal with that drama).

@Sufyan Minhasgoing to depend on the rules in individual buildings

Congrats - are you putting zero debt on the property? 

The closest I've come to your situation is similar to one in which a tenant wanted to cut the grass, for which he wanted to get a reduction in his rent.

Welcome to BP!