Their only role will be to inspect the property for a fee.

The only thing that  Im confused on is, there is another wholesaler that is involved, and he has an assignment fee as well.

You should be able to find insurance for that building less than $3k / year.You can find good PM's for 8% and no placement fees or other hidden fees.Also worth knowing the multi-family market in San Jose is softening right now. 

For instance, a rudimentary example:Total $$ Invested: $100,000Primary Investment: $80,000Secondary Investment: $20,000Total Profit: $20,000CM @ 10% Fee off top = $2,000Remaining Profit: $18,000Primary Investor @ 80% of remaining profit = $14,400Secondary Investor @ 20% of remaining profit = $3,600My only thought is that I, as the primary investor, have put in a ton of time finding the deal and financing it in my name.

The property I close on this month will continue to cash flow with the fees charged by the property management company.2) Should I obtain a LLC or just have an umbrella policy to cover my assets if something were to happen on my rental property?

No fees was the biggest attraction. 

We have paid people to remove their bad reviews- most of the time it’s people that get denied because of bad credit or criminal history go on there and say something bad but we just offer to refund their App fee in exchange for them removing their review.

Below is how each is structured.#1 - Fees are billed monthly and would average roughly $1,200/mo.

so I guess if some does not have the money to do anything coming to your events and handing off leads for a small referral fee or a starbucks card is the way to get going.  

Like participation in asset management fees etc.