Even if you take the higher end of the ARV range your looking at a 2k fee max. 

Origination Charges $4,8322.464 % of Loan Amount (Points) $ 3,437 Document Assembly Fee $220Lender Fee $430 Processing Fees $545 Underwriting Fees $200B. 

I’d prefer a smaller firm to begin as I understand larger companies (RE/Max, Edina Realty) have higher monthly fees.

I’d prefer a smaller firm to begin as I understand larger companies (RE/Max, Edina Realty) have higher monthly fees.

It is my understanding that a finders fee is appropriate of 1–3% of the purchase price.

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?