I am planning on going to the August one.

Decide what method of investing you plan on going with implement it and run with it.

I bought it pre-sale for only $495.00 which is for 2 attendees.I was planning on going to this event but now I have a conflict that came up.

Thanks for the explanation @Curt Davis but If I'm not mistaken the property mgt. company role does not end on assigning a resident and collecting rent.What about ongoing fixes around the house (broken appliances, electricity issues, etc.) ?

.* Ongoing Maint Fee: 10% with min of $200/mo * Leases: new --> 1/2 of 1 months rent with min of $1,000 // re-lease -> $200* Maint/Service calls: normal business hours --> $50/1st hr, then $35/hr // Off hours --> $75/1st hr, then $50/hr. * Project Management: 20% of total charges with $200 min.

There are ongoing issues with walls (little cracks) which cause little water damages in my 2 bathrooms and living room.

However if its 2-4 fam then you have no choice but to put 25%, at least if you are dead set on going Fannie/Freddie. 

Keep on going.

Are there future/ongoing plans for infrastructure?

That way you can calculate what you need for ongoing expenses and repairs, but not have to keep it in cash reserve all the time.