The fees vary with the specifics of the deal.

So we are "newbies" to say the least.  

@LaShathan BanksWelcome to the BP family.

Your architect can create this for you.For hot water heaters, is there a lock on the door to that room?

As for my rentals, all the cash flow goes right back into the properties or is set aside for future investments.

There was a post the other day someone posted about and invested in and the sponsor had a very shady past which should have been an immediate red flag. 

If you're not present to let them in (or have the space occupied for whatever reason, etc.), they should be notifying you and you may have to face any repercussions (penalties, pauses on your permits, etc.) 

Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc.

Thinking of trying to market to a handful of homeowners that would like us to manage the STR for a % of revenue.

I've been searching properties for a variety of ideas for almost two years now and never pulled the trigger.