I don't even think she knew what I was talking about and she had a heavy accent and didn't seem to understand me very well.  

It's just a pass-through entity so the income would flow on to your personal and you would pay taxes based the tax bracket you fall in for you personal income (from my understanding).

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I truly don’t understand what John Hyre wrote above.

I do not understand what it is you are trying to do.

So I'm understanding this correctly, did you do a cash out refi on your primary residence then took that money and paid off the rental in Dallas.

3) Understand what works in this market. 

That system is basically: 1/ take advantage of PMLs who don't understand the market, 2/ Take that money and use it for a predatory lending scheme.

I am hoping to learn more about how investors analyze their deals and make decisions, as well as looking to better understand general real estate investing.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.