The last method seems to be the most practical for me if I can just get the right deal and makes the most financial sense to reduce my overall expenses in the long-term.

Also, do you charge a service fee on top to offset that software/back-end expenses/fees?

Hey Dylan, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

.), security cameras, track remote employees (they will steal the cash), cost to install pumps, license fees, hard equipment needed- registers, apps to run the register information, accounting, legal, cases for merchandise, shelves, door hardware, heater or HVAC depending on location...This is a tiny community there won't be a local plumber and electrician... add some cost for time to contact your team and travel will make any repairs more expensive.

However, this often involves more complexity and expense.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

Getting a flood plain map modified can be both expensive and time consuming.

Overall real estate syndicates is not for everyone because you have to realise that you may have very limited control over investment, fees and expenses the syndicate, potential for conflicts of among members.

Based on that math yes, you'd clear a couple hundred dollars after all debts and expenses, not the worst spot to be if you're not necessarily needing the cashflow/trying to live off of it, but instead are focusing on playing the long game. 

And every dollar of expense paid/saved impacts your returns just as much as a dollar more or less in rent.