I want to go through the pre-licensing and post licensing courses but I am hesitant on sharing commission with a sponsor or broker in charge.

A manager will charge you between 10-20% of your profit for something you could automate and manage easily. 

I have talked to local property management companies and most charge around 8% in my area.

It will need to be replaced Should I charge them?

Hi BiggerPockets landlords,Not sure if this is the right place to post, but I'm a 26 y/o Fortune 500 software developer who is moving to Austin, TX.I have:- a senior engineering position at my company that I've held for the last few years- a 6 figure income- excellent credit- excellent references- no petsMy one problem is that 6 years ago, when I was a teenager in college, I was charged with possession of Xanax without a prescription.

I also wanted to add 2 storage sheds so that each unit has a shed they can store extra things inMy thoughts were that if we are adding features to the units/upgrades, does that mean we can charge higher rent (I was thinking $1350-$1500). 

Hard money lenders (sometimes confused with private lenders) are professional lenders that charge much higher rates but sometimes much easier to get the loan.

My intention is not to evict this tenant and do anything to charge market rent.

Just for a reference we do charge smaller portfolio owners the full 10% because it is quite a bit of work doing all the reporting on just a couple of units and time does not scale well, however as they grow our fee gets reduced.

@Kevin GalimbaYou may benefit by having an active lease with your dad and two brothers if you charge market rent to them.You may then be able to include the property on your tax return(including all the expenses).You may then be able to include the income towards getting a new loan.