Like any service based business, you're going to encounter a variety of types of fee structures.

The LLCs need to be substantially run as their own business.

My experience has been that summers are very busy but it falls off the rest of the year.

It's in a location with million dollar homes and small businesses, so the price they're asking isn't cheap.

We have experience with this exact type of rental: we know the business, we know the building, we have the contacts, we've done the management, and had other arbitrage properties pre-COVID, etc.

Not my style but alot of money in that business FWIW.The current rent collection h*** we are in today, certainly unhappiness vs how happy we where just a year ago.- No good rent payment ACH status across the portfolio Today vs what we had.   

I'm excited to do business out there.

DSCR loans are business purpose, so you wouldn’t be able to occupy the property.

We have been in the business almost 65 years.

It's a good rule of thumb to follow mate.We always get caught up on the potential of a deal or business and don't focus on a "worst case" scenario.Experience has taught me to become a "Negative Nancy" first and evaluate the downside from a risk assessment standpoint.I would always get too carried away and am optimistic and easily influenced to believe in the best in people and ventures.Only to get my A$$ handed to me on a plate.Well not anymore... lol