Under this entity, and under the operating agreement  should I compensate myself a management fee ?

Does anyone have some recommendations on how to pitch this to themShow the benefit to the tenant for compensation of money Help connect the tenant with a property manger that could help them find a placeHow much money should i offer 1 months rent?

First off, semantically  speaking, your discussion lacks a definition for the word "Legal"  While there are contracts in which a breach is a punishable offense, I am assuming you mean "Legal" in the "right to seek compensation for damages" sense.   

I have funds in a deferred compensation plan that I’d like to use but if I take out the amount I need I’ll get hit with a huge tax bill at the end of the year.  

You way decide  to use your money to compensate for you lack of time by hiring people to do your work, or you can do the work yourself, or a mix like I did.

The coins (or credit cards these days) your tenants drop into the slots should more than compensate for their costs.

That is why cap rates are lower because developers and investors want to be compensated for the time and work involved handing off a more passive asset with national tenants versus mom and pops.

Looking for advice... we are considering borrowing against our deferred compensation retirement account to pay cash for a property.

Looking for advice... we are considering borrowing against our deferred compensation retirement account to pay cash for a property.

We were able to play it to our advantage though and get a sizable credit from the seller to compensate for the issue.Biggest learning experience from the whole process is to start everything as early as possible.