You also do not want to be too cheap and leave money on the table.If you do all of that you will be well on your way to being successful.  

But if I sell it and put that money in the stock market and earn let’s say 8% I would make $40,000 on the same money.  

Living closer to work saves time and money.

Its a lot of money to put into someone who's new to their life or the industry.

Instead of shelling out $60K for a $250K deal, maybe some of you can help me figure out (or give referrals) to title companies, etc, or give overall advice how to save me money from this enormous financial endeavor (closing the deal).Thanks!

Just underwrite a refinance assuming about 30-36% of the money you will receive goes to refinance closing costs at worst, and find discounts when you can.

None were a match for me personally and many were not a strategy I wanted or too speculative (such as opportunistic strategy which is the riskiest strategy or investing in tertiary markets which also tend to be the first to go belly up when there is trouble etc).You probably actually want to look at your operating agreement to see what rights you have to books and records, etc. 

Looking for any input or advice on how this strategy actually works.

A little more money but 10 times better service.

Slowly and surely, you will make a lot money.