IMHO the services are overpriced, but they do something. so, when you remove the agent from a equation you as a seller has to either do the work your self of firn other people  

I agree with @Tim Campbell if you have the deals and a source of financing, you just need to bring the reserves into the equation - friends, family, a small line of credit or a partner in your sphere.

Since the area I'm in isn't too costly, I'm thinking that that will equate to roughly $2,000 or less, which is manageable for me.

In addition to factoring expenses into the equation the taxes represent a value of $195k at Travis County tax rates of 2.3%.

And that can supplement your r/e experience and since you will want referrals once you go full-bore into r/e you will have seen both sides of the equation (referrals are leads generation).  

I have 3 rental properties that equate to approximately 100,000 dollars in equity.

That said, I don't know if this equated to several hours of work per week, or just several hours per month. 

You should have no problem socking some money away every month and just paying it off then you have no debt.What is missing from the equation?

I had a talk with the realtor and loan broker and I'm thinking that I may pass on this and go with a duplex that I've had my eye on as a back up plan.Having gone over many threads on this site and using the equations given, the numbers don't make me very confident in this property.Steve and Joel, you bring up very good points which I will bring up to the parties involved as I am flying to Seattle this afternoon. 

The total income equates to a 11% cash on cash return.