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.

I suspect this has a lot to do with the particular PM company. 

Im from Seattle as well and the main company is from San Fran so I had to plug my nose and still do business with a company based in that garbage town...

How much are you doing as down payment?

@Joey BudkaWell there are huge companies with programs UNLOCK, HOMETAP, POINTThey have been doing these equity sharing deals at least ~~8 yrs now

If you don't mind, please provide advice on house rules, finding roommates, and payment.

It's a financing strategy where you would take on the mortgage payments, but the mortgage would still be in the sellers name and you would take title to the property. 

I can't believe how many owners go for months with no communication and no payments, and then they eventually find out the tenant moved away, and the rental is sitting empty.

A reputable and experienced property management company will often present additional terms that require the tenant to obtain renters insurance and that the landlord be named as an "additional interest" on the policy.

I contacted the power company, and they directed me to the tax assessor's office to inquire about obtaining a separate address for the pool house.