Hey @Logan Barwick, I personally like option 1, but this depends on what your strategy is to grow your real estate portfolio.

BUT, let’s say for personal reasons you want to “stretch” for faster wealth accumulation.  

It's like having a personal mentor guiding you toward real estate greatness.Unlock the Secrets to Real Estate Success by diving into learning—read, attend networking events, join a coaching program, and more!

I would be fine with a $10k non-refundable retainer and $500/hr. personally.

Is your goal to use being an agent for your own personal investments or actively try and grow your agent business to eventually leave your W2?

Quote from @Sharon Bancroft: @Cameron MarmonI had this same situation and my tax accountant filed the change for me ( one time filling) and we now file it on our personal as a disregarded entity.

By year 5 we had around 55 people.We did hire a marketing person but frankly marketing wasn't our strong suit. 

With that being said, I personally know several people who've had tenants that stop paying their rent and try to hang around for as long as possible. 

I'm also starting off my own personal investment property journey with my husband. 

This deal proved to be the perfect balance of financial gain and personal enjoyment.