It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Get estopples, copy of leases, and ask for bank statements and tax returnsIf they don’t have it then I would assume worst case on every asset and price it accordingly

This means they are bundled together and turned into bonds, financial instruments that pay out interest (yield) to investors looking for a steady, fixed return.

Quote from @Neil Warren: Hard money loans are at higher-interest rates and for shorter terms, meaning you will pay them back quickly, usually in 12 months or less.You should not borrow 100% of the purchase price.

For the amount of amenities and what the fee pays for, do you think that it's too much? 

All expenses for that rental unit are now write offs when you file your taxes.

A little bit about myself, I have a full time W-2 job that pays pretty well on the blue collar side. 

IfIf you do not know what you're doing with accounting, which most people don't, I would recommend that you simply bite the bullet and pay someone to handle it.

I'd also talk to the current owner, so if they want, they can let the tenants in that unit know.Hopefully you are getting their deposits transferred to you (it is the tenants' money and you will have to pay it back in full when they go because you don't know the condition of the unit when they moved in). 

If it is paint, inside, perhaps but even then they pay rent and you pay them for the work they do.