While you can hire your own Lawyers the platforms have standard Documents and files for you.

If you are planning to hold long term, appreciation is a moot point in these times as you need rental income to be consistent enough to cover your loan and keep cash flows up.

If you don't find somebody, many property management software platforms will help you list your property on all the listing sites (zillow, apartments, rent.com, etc).You can also handle the screening yourself if you want. 

The second floor will be a townhouse style unit consisting of 5 bedrooms and 3 full bathrooms.

I watched my stock market account shoot wildly up and down, while this property consistently handed me checks for $1,150 each month... the rental property was a better performer.

This platform is the place to be.

A community consists of people and now more people will be renting.

Do you disclose this on description of the property on STR platforms? 

Keeping ownership stakes consistent will help contribute to this success by keeping all of the partners motivated and invested.

This will be a great opportunity to meet others within the platform.