Might be forcing a square peg in a round hole, but no harm in finding the right number and trying!

Purchased with a 3% down FHA loan and a handful of additional principal payments, I have only about $20k in equity of the property.

Even more so, they are going to want you to complete any post-licensing requirements ASAP, as here in NC there are 90 additional hours of post-licensing education required to remove the provisional status on your license, which most brokers do not want to deal with for any longer than absolutely necessary, as it places additional burdens on them to have provisional brokers in their firm.

Hi,    I have an LLC I can run income through, in years past I have never "paid" myself a management fee for self managing our rental properties as I had never wanted to pay the additional self employment tax. 

Obviously we put in an additional shower head for her on the wall to use separately as she wished.

Will Pritchett, what additional information would you need to do a more in depth evaluation?

Often they state the reason for retaining fees because of the additional work it takes to call and coordinate the late payment process.Early Termination:  You will often find PM's have a 30-day notice and landlords a 60-day notice for termination. 

Additionally, someone else is helping you build that equity...that's a win.

Additionally during the walk through she mentioned car engine trouble and obviously it was expensive and stressing her out.So this was fairly easy denial - I do not want potentially late rent and to put someone in position where they are in over their head.

In addition to that, one individual might be perfectly situated for one strategy, like flipping, while another is better positioned for something else, and both will find success doing very different things.