You didn't mention if you were receiving cash out or not but the "Loan to Value" is higher on a SFH and the rate is lower. 

Just curious about how this works since you have to be licensed in order to legally receive a commission right?

His advice: never turn an appliacant down, just ask them for more clarifications, more documents, more background checks etc.

With QB you have to invoice anyway to record your accounts receivables. 

Can you really rent for less than the $850/mo you will receive for this condo @Cisco Hood? 

Today I received a prompt to upgrade, even though I did so yesterday.

When collecting cashflow and/or proceeds of a sale from an investment property (investment strategy probably doesn't matter) is there a significant difference in dispersing/collecting/receiving/using those funds, depending on how you hold title to the the property? 

You could, technically, just keep leapfrogging properties through 1031s until you die and leave your final props to your heirs, who would receive a stepped up basis (not owe taxes on the sale unless they held it long enough for it to appreciate further).

I have improved the condo with capital expenses around $20,000 (actually more but I don't have the receipts and documentation for everything unfortunately).

Starting the process itself is simple, application and some documentation.