You are a reflection of the five people you spend the most time with. 

The problem is that people think they have to spend $400,000 to only make somewhat more than I make with a low-cost property. 

You would then only need to spend what $7,000 or so as the down payment would be 3.5%.

Additionally, I had a bed management team prior and already had to spend close to $1,000 to get the property back into rent condition after switching management companies. 

And that's on top of the countless hours I spend analyzing properties, networking, going to meetups, and reading up on all things Detroit. 

But My husband and I pretty much manage the whole thing and account for any work that isn't onsite (swinging a hammer)  it makes sense that we would get a larger percentage I just don't know how much more we should ask for.Are you charging the hourly rate to the project for the time you're spending managing?

I agree with your number one and I am taking responsibility by having a coach and mentor to help me understand the mindsets and be beliefs that led to my spending habits.

Since you have lots of time now, spend it looking for distressed off market properties near you and making relationships with brokers.

At least not yet.I would spend some time hanging out here and at local meetups if I were in your shoes.

I say skip the MBA, focus on your real estate education, and spend that tuition money on your first cash flowing project instead.