This BRRR will have minor reno with demo starting this weekend in the bathrooms, electrician taking a look at panels (precautionary step), flooring, trim, spackel and paint Monday. 

In your case, I’m assuming you want a flat fee or monthly percentage of rents Without paying too much in acquisition cost.

Unless you buy low or put a significant deposit down there is a risk of cash flow being flat or negative.

As far as brokerage costs and commission splits, there is a full spectrum of compensation plans - from paying a few bucks a month in office dues and a flat fee for each transaction you close, to percentage splits on commission that range from 50/50 to 95/5.Getting your real estate license is a serious investment in your profession, and should be viewed as such.

As far as fees, I'd also look to pay a flat or monthly fee. 

The land itself is relatively flat, but undeveloped and needs to be weeded.

(check with your tax professional for this: sometimes the max deduction is a flat number... etc) You could rent out a bedroom and live for free.... 

My first 2 flat was on the same street as my condo 5 blocks away so I knew exactly what I was getting into.

However, after crunching the numbers on a potential 2nd unit, there’s a risk that my cash flow remains flat.

Here's what i have to work with:My current CA home value = $600,000I only owe $222,000 on the houseI refi'd 6 months ago to get money to upgrade the house...central heating and air/ new kitchen/ landscaping/ New electrical panel and 200 Amp service.