This service also subs the legal work out. 

It'll likely put you in more challenged areas so there's higher probability for headaches but those properties that do work out, tend to do very well. 

I had a RE license as an Investor/Contractor and never saw that it saved much money (My experience anyway) People think you save 2.5 - 3% on every deal because you don't pay a Buyer's agent.....but most sellers are not dumb and will not automatically 'give' you that money, they will either expect that they keep it or maybe work out some kind of a split.So if you are just going to be an investor, there is no way that it is worth the cost (IMO)

@Brian QuoIf you can afford the $900 to $1000 loss each month, it could work out.

Has anyone chosen one option over the otherin a similar situation and how did it work out? 

Use this experience to work out the kinks and build a strong boots on the ground team.

How did this work out for you?

We had to 'pierce the veil' and have an underlying partnership agreement, bank account in the partnership name rather than Land Trust name, but it did work out to open an operating account for each property.  

Hopefully you get it.It looks like your strategy would work out great, especially if you can get it anywhere close to $450k. 

I did that once and it didnt work out to well.