I know you will benefit tremendously from the tools and the knowledge and the support you will find as a member.

If you refinance and you take all of your original money out - you now have cash flow/equity build essentially for free. 

So, essentially my first property will be finished soon and will be rented soon.

I am also building a tool box as I go.

They are a great learning tool and resource!

Also, if you note above, one transaction at even $100k will essentially cover your annual costs.  

@Andrew Jambor Aside from the structural issues on your deal, you are essentially asking a) how to out-sell a RE broker, and b) how to out-market the MLS. 

One national brokerage here in my area pays 70% more on the split for the top tier producer than a competing regional brokerage.4) How are the in-house selling tools, especially the customer relationship and document management pieces?

welcome to bigger pockets... lots and lots of good info and helpful tools here. 

There are essentially no students, mostly working professionals, and almost all the units have been recently remodeled.I am renovating one unit entirely at a cost to complete of around $6000 and another unit is being 100 % renovated by the seller which caused a small hiccup in the loan process.Anything over $200,000 seems quite high to me, even close to the University.