If you can get out of this deal without losing any money you should consider it a major win.5.

Don't lose all your soldiers in one battle."

As well approximately about $2500-$3000 a year to hold your license. the issue with having your license and not using it actively is you are going to lose money and a lot of time learning things you will never need to know as a real estate investor.

You will lose from an opportunity cost.  

My main thing here is to learn what the steps are even if it means losing this particular deal to another investor. 

I didnt want to give all the money back and not be able to find a tenant for a couple months or more and lose a lot of money.

@Ryan Luby @Ryan Luby yeah the what ifs are definitely holding me back , does the fear of losing all the money that I worked a bunch of years to save up . and as far as renting to family my brother is going to be paying $1,000 anyway and I would have to pay still 750 anyways whether I buy a property or not , so my thinking was even though yes I may have to invest the money a front butt from then on my future 750 that I would be paying would go towards the home I own .

The tenants are also motivated to not have issues since they do not want to lose their benefits.

It has a tenant but after prop mgmt fees, taxes, misc costs, I lose approximately $200 monthly.

However, let's say you paid the property manager $20/hr for 40 hrs a week, that's 3200 a month...which means I'd need 8 properties cashflowing $400 each just to pay this person...then I lose out on all my cash flow haha, so obviously that's not the answer.