The more you can systemize the process, the more time you'll have to work on the next deal or venture.  

Right now, I am an aspiring real estate agent specializing in investment properties while also in the process of developing an app!

@Diego L.That's actually an interesting situation and a case where revocable trust may make sense.

I learned a lot through the closing process and also as an actual landlord having to deal with issues.

This is making my mortgage payment go from $2,293 to $3,308 per month. 

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

Keep in mind that many responsible agents tend to be conservative with their valuations, especially in today’s market, where properties aren’t moving as quickly as they once did.If we’re in a conservative market, pricing on the lower end may make sense, but it’s always good to weigh your options carefully.

Make sure you budget for the negative year.

I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

Is it not so much the fee for filing that makes it prohibitive but that the equity offered rules out the viability of being a GP in a registered security this way?