He may potentially have difficulty obtaining financing, but it all depends on the mortgage broker, loan product, and underwriter for the new loan he's trying to get for a new home.

Hey all,I'm an RIT student (that's Rochester Institute of Technology) currently living in Texas for the Summer.

They have $30K cars, $500 phones, the newest gadgets and technology but are now without a job and have no real assets to speak of.  

I understand the difficulties of finding an agent that is willing to put in the time for the small reward.

They view them as trouble and will make your life difficult. I

You'll need proper insurance, structure your business properly to protect yourself from liability, furnishings, cleaner contacts, maintenance contacts, and a lot of business and technological sense.

I am looking for a brokerage that will provide support from a technology/agent personal website point of view but still won't take ~40% of your commission.

Others see this as a typical deal.There are many ways the sponsor can take their cut of the deal, and you have named the typical ones.The difficulty is making it work with a very small deal.  

New technology has made it incredibly easy to invest out of state and out of country.

I am very excited that my wife and I have now been able to acquire our first and are very eager to learn as much as possible over this next year with the difficulties of property management.