They recently came to me asking if they could rent space to put an RV on the triplex that they originally were renting in. 

Ours is set to take 20% of the room rate revenue, 100% of the cleaning fee

I was told by the Trustee, I could finance the condo instead of buying it with all cash.However, since this is auction property and doesn't allow someone to do inspection from inside most of the lender are suggesting that get a hard money loan instead of conventional investment loan.hard money loans are expensive (12% to 13% + origination fees).Does anyone has done this before with conventional investment loan where you don't do the inside appraisal.or any recommendations for lender who can help achieve this?

We have another one in a luxury beach community that does nominally well, but I really blame the regime/community fees more than the strategy.

.), security cameras, track remote employees (they will steal the cash), cost to install pumps, license fees, hard equipment needed- registers, apps to run the register information, accounting, legal, cases for merchandise, shelves, door hardware, heater or HVAC depending on location...This is a tiny community there won't be a local plumber and electrician... add some cost for time to contact your team and travel will make any repairs more expensive.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

So I imagine the benefits of the cost seg have to be weighed against the legal and professional fees to get it done. 

I'm also getting a small monthly management fee on the back end (a few hundred bucks).Anyone got any advice?

That's more than half a year of income, plus you are probably paying management fees.

What kind of fees are associated if you're the winning bidder?