One issue I've uncovered in this is that they also add a $75 "admin fee" in addition to the percentage based "supervisory fee."

Never pay upfront origination fees. 

Even with a 25% fee, you're cash flowing better than a long term rental, so the fee should not deter anyone! 

I do not want sales agents in my market to believe I am expecting a fee each time I purchase a property and go out of my way to make it known to the broker community that they will represent me and collect their fee if they bring me a deal.

The assignment fees then enabled me to roll into other strategies, buy and hold, fix and flip.  

I tried getting heloc from my large bank, However I was denied due to my income. if you can't get the credit lines for some reason from your bank then they have resources for that, even their own cpa you can use for a fee.

Lawyers, engineer, architect, expeditor, surveyors, etc pile on the fees quickly. 

Closing fees won't be any different if they are 4 seperate fee simple properties.

I was shocked as I thought it would be very simple (which it is), but some syndicators will use funny math such as not counting fees, placing expenses on a quarterly or yearly basis when using IRR (backloading to end of year). 

You would either need to sell and pay commissions, closings costs and maybe tax on some proceeds OR you would need to pay fees and closings costs to refinance.