I agree it's pretty simple when you break the big numbers down to the smaller manageable sizes and make assumptions based on industry standards i.e. 50% rule loan-to-value 80% etc.

Some will suggest surveying the industry and seeing what others who perform the same role and duties typically get paid. 

I’m just trying to get my foot in the door of the industry at this point while building up some cash.

The point here is because the standard real estate contract is so widely used in the industry it makes it a widely excepted contract to facilitate real estate transactions.

@Milton Marcelin @Melissa Nash you both make great points.There are lots of "Turnkey" providers that give the industry a bad rep, and as @Melissa Nash mentioned a reputable company who's in it for the long game and interested in working with the client for 10-20 years will not slip a quick one on you.

I’m new in this industry.

I would just be weary of the automotive world and its impact on Detroit, but also MI as a whole with all the suppliers and sub-industries. 

Even today I operate in what I call a hybrid mode, renting long-term to retired winter visitors and then using a 3-day minimum for other seasons.As you can imagine, the STR industry, as part of the hospitality industry, has been on a roller coaster since the pandemic arrived.

I was to invest I real estate full time so I am trying to position myself to make this happen as soon as possible, especially because I am in the restaurant industry

Eventually, we have to get out there and actively learn the process and the industry.