I had just as much enthusiam as it sound like you do.

But it sounds like they are a reputable company to get your real estate license from

It sounds like reaching out to the owner via mail would be a good starting point.

@Michael Ablan Sounds like you may be buying in the "rust belt"  Is that where the properties are located? 

Even in a high market like Austin, it's best to start with buying an owner occupy for equity, principal pay down, appreciation, tax benefit etc   Your property management fees sound high.  

This is what many, many people here on BP have done, especially to get started.In your situation, it sounds like you need to find a property where you can force appreciation into it. 

For example, appraisal fee is $650 and when I questioned him, he stated "investment properties usually cost more to appraise" which sounded pretty fake to me but I don't know any better as of current.

Wife finds a 1/2 carat diamond engagement band inbetween the wall and baseboard.

From the sounds of it, you are still looking for the right deal. 

Sounds like the property is large enough for condos so a variance shouldn't be required but if it is you'll need a lawyer.Good Luck,John.