Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

Why not hire a property manager that is already doing it correctly?

So in short going with that company that does such a "bang up job for 1% of the price" would result in the management company charging you more.its funny in Oregon or at least with the lease I used..  3 day notice to quit needs to be send regular mail not certified.. or posted.I sent one certified one time we get to eviction court and I had to start all over because I did not send it through regular mail.form then on I just hire an eviction service who knows the rules.. 

Second, I recommend hiring an electrician and a plumber to do an inspection in addition to a regular inspector.

Next question: Would you self-manage or hire a property manager to oversee STR turnover?  

I hired a general contractor who turned out to be unlicensed and did a decent job but was terrible at the paperwork.

Sometimes I have had guests lower the setting all the way down to 64 degrees complaining that the unit is too hot and in reaction to this the air conditioner will freeze up.

To make it fair to your partners, I would suggest hiring an appraiser to give you a fair value of the property.

I am also thinking to estimate high maintenance cost for properties which I can't attend myself and have to hire someone. 

Not gonna go through the rest of the eviction process bc as a LLC, id have to hire a lawyer and it’d likely be expensive.