However, if the rental property goes from showing a profit as it does now to generate a net loss due to the interest deduction, your losses may be limited to passive losses. 

- What is your most memorable loss or hardest lesson you had to learn?

I have minimal education in finance/accounting/operations etc, which is why I feel that an MBA might fill in the gaps in my knowledge.

Hey Nathan,There are plenty of brokers with minimal monthly fees but not all of them would fit your needs.

If I have trouble renting it, want to get something else, or just get sick of owning it, I can offload it with minimal aggravation.

In the great recession there was minimal impact on MF as a whole, with a majority of effects happening on ground up development or in the lower class properties and areas. 

If you work hard for it and it goes down you lose time and money.But that depends on the risk profile you have for that money.Look at the Delta between your options and asses your risk of loss against it.

Also, there are eviction costs and rent loss during the eviction. 

Not liking the whole upfront fee scenario as this will be the my first opportunity to open the doors and minimize out of pocket expenses.

Cut the price and cut your losses before sinking into another loan to rent it for years and get no return.