I ask because applying what I pay now to my local management company that would be somewhat of a small net amount.

Generally, the County has a commission that put together a few data to find the assessed value of all properties and, upon that value, applies a mileage rate (a percentage).

I am going to try to apply the formula you mentioned to my future goal and try to figure out how it backs into the present. 

Here is what I have seen:  Taxes not paid for 5 years and owner applies to buy them. 

Paying $1500 a year for the education you receive as a Realtor and how it applies to investing, is much less than any seminar or coach.Anyway, that's just my opinion but I hope it helps!

I am considering going the Redfin AA route so that, like @Michelle Bright, I can keep my day job but still be involved in real estate and apply my learned knowledge toward both my investing and design companies. 

I wanted to refinance and then apply for a loan to purchase a new multi-unit.

I am stuck on how to apply the existing credit, without it being recorded as another deposit.

One word of caution: value-add and forced appreciation really only apply to property 5-units+ that are valued based on the income approach. 3 unit deals generally don't benefit from this.That said, I'm sure the value of the property will indeed increase due to your improvements.

In order to open a business account I applied  for an EIN number under the category of partnership.