This is more common in highly leveraged deals. 

Jerryll's team is very responsive and extremely helpful.

Totally understandable that you may have time to commit to it, as it is extremely hands own.

Basis is extremely important in these entities and if audited can and will come into question. 

I don’t know how common vacancies are but I would say I could cover about 4-6 month in case of an emergency  

I will give you the common-sense answer below, but this is California, where common sense doesn't exist.A mandatory evacuation is outside of your control, so you shouldn't suffer financially because of it.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The most common deductible I see countrywide is $5,000 for your standard deductible. 

This is one of the last investments that the common man or woman can make and get ahead in life.  

But in terms of the upfront fee, this is actually common in a commercial loan.