No way I would touch those, even with those incredible potential IRR's! 

If you can find out what other local brokerage agreements are, then decide what you can afford to do to attract top producers to you.

This can still produce favorable net return on investment, but you certainly want to be sure you understand the tax ramifications.

Austin is incredibly beautiful and a great place to live.

@Brianna Schmidt Incredible!

I can only learn so much on my own and I am hoping joining BiggerPockets will help me to further my investing knowledge, so that I may begin acquiring my own investment properties.My main goal for joining the BiggerPockets community is to start building incredible working relationships with investors, so that we may help each others business grow and be extremely successful.

Go ahead, build a money producing web site or app, and let's see you continue the income stream (dealing with me too competitors, for one), dealing with customers, and the endless tech and platform upgrades you will need to be on the cutting edge.

I realize this is an incredibly difficult ask once again since I have no real experience and getting ownership of a home is drastically more than just a strategy.

The firm must maintain and produce a complete set of records as required by this chapter.

@Robbie Pratt  I agree with @Albert Bui that in the case of non-recourse financing lender is looking at the underlying property as a security for the loan and the property's ability to produce cash flow.