Howdy @Stephanie OwensThis is not a good deal period. 

When I help educate them I not only help they avoid crashing and burning, I help myself by competing against more educated investors.

I suggest you start by educating yourself via podcasts, books and networking.

Over time of building a relationship with them, you'll hear the good, bad and ugly.I don't think it's smart to jump into any major commitment without a reasonably long period of relationship building and regular contact.I'm not a fan of those large national turn-key property providers marketing everywhere.

And you might get a little bit of education on how to fill out a representation agreement and how the licensing laws effect you.But you won't learn anything about how to market or prospect for leads, negotiation, sales, or how to run a business.

We are working on getting educated and on building a business plan (including putting together a team). 

If you just purchased a property, you may have signed a disclosure stating the property was owner occupied and would be for a specific period of time.Your closing costs seem a bit high, but without the value of a loan estimate, I'm thinking you're mixing up prepaid interest and taxes with setting up and escrow account and maybe lender fees too. 

In addition, continue educating yourself through books and podcasts.Best!

@Kevin Hogan - You probably need to spend that in education.

There might be a seasoning period to refinance the property of 6 months or less depending on who you refinance with.