I would say read/learn as much as you can from the BP and other credible sites.

After raising the value of the property (meaning I could sell at any time for a profit), then I start looking to put money in my pocket and to establish a decent trailing 12 in case I plan to sell.At 240K for 8 units you're only paying 30K/unit which is much less than current industry average (unless your property is located in a town like Clinton, SC where it's mainly section 8 and slum housing with no trends towards job growth).This property is definitely worth pursuing.

Although it may require the time and effort of finding and establishing a relationship with someone willing to lend you the money.

If you are in the one staying in touch, you show some credibility.

However, it seems as if you have already established a good enough system with the standard MAO formula, so would you say that one is better than the other?

The agents I know that are doing well are spending 6 figures on marketing and feeding a team or have a good sphere that they've established and work it.

Looking for a knowledgeable established local realtor that knows the area that can  handle the whole process efficiently. 

You need to re-establish proper expectations. 

If I can establish a relationship like this before the next purchase I would be much more comfortable with a low money down option.

Also, you must establish a bank account for the company, have an operating agreement in place and issue Ownership certificates, along with a few other things.