My goal is to build my investment capital up to a point where I can do bigger deals and earn more capital. 

They opted not to take awards away from people who already earned them, but have prevented new people from getting those same awards.

Any feed back is greatly desired and appreciated!

Besides, my opinions on what's wrong with the property, the only way to make this property cash flow positive is increase your down payment to 30 to 35%, this way your debt service will become smaller than your rental income and you'll start earning a $25 a month of positive cash flow.Austin is a tough market, if you are going for newer properties.

Whole question is the contract between the two of you.If you shopped around before choosing, the renting would be included in the monthly fee (because it's in their interest to increase their earned commission).If you got a fix fee per month, then likely you will also get nickelled and dimed with other fees like advertising.

There are desirable and not so desirable areas.

Some blocks are less desirable and some are very desirable, one mile could be a huge difference.

So don't rely too much on your cap rate, and concentrate more on what is highly desirable and what will stay rented by actual humans. 

Build rapport.People like to do business with people they like and understand.I always make this disclosures; "It is our family's goal to earn a reasonable profit".Can you help with some financing?

Found a tenant within month, and now earning about 15% return on investment.