Has anything changed compared to pre-pandemic?

The residents typically know how their current lot rent compares to nearby parks and if you adjust to market-rate I doubt it would be a surprise. 

The property values are overall still lower compared to other neighborhoods of equal distance to the downtown.

From there, it's just a math equation comparing that interest cost to the closing costs. 

An ARV house that is 1300sqft CANNOT be directly compared to a house that is only 1000 sqft.

@Basit Siddiqi each LP’s contribution can be very little (much less than 0.1%) compared to the total capital stack, so it can be claimed that a very small portion of their contribution is going towards any expense.

If you'd like to compare notes, my contact info is in my BP profile.

Just my perspective and why real estate is more affordable that end compared to west 

You can hire a lawyer, who might draw one up but it might be pricey compared to using an agent for a low priced property.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.