House have good layout, good area, great schools, price point was fair for that area.

A fair warning, you'll be wading through complicated info.  

Comparing your post to my experience thus far I feel I am in for a fairly robotic loan experience.I have yet to see the actual loan agreement, but I have requested this and will report back when i get a copy.  

The fed's cut will be too late and they will be playing catch up, as defaults and Job Layoffs continue to mount. 

If you do have to lawyer up, make it clear you’re playing the long game.

To answer your question yes its enough but in many cases it might be risky.2. location, room to raise rents, occupancy of property, local laws, type of investment are just a few topics that play a huge part. 

For a partnership where you're providing all labor and the broker is funding the deal, a fair split typically ranges from 30-50% for you and 50-70% for the broker, depending on the value and complexity of your labor versus the financial risk they're taking.

The market has changed a lot over the last 10 years, it went from a cash flow play to an equity play.

How certain of the appreciation are you would also play into that question.Run some scenarios on what you could do with the extra cash vs what you stand to gain from the appreciation play and decide based on that and your goals.

I'm fairly certain you have to be licensed for a specific number of years before you can be mortgage broker.