I talked to my bank, I don't have a pre-approval per say, but I have a great relationship and I can get a 50K home equity loan (against my personal home, long story, bankruptcy and house going back means no conventional financing for a few more years) at around 4% for 15 years equals a monthly payment of $370 a month. 

Then other do not meet educational requirements,do not renew in time and on and on.My stat was for every 5 agents you had maybe 1 deal was closing that month.So 50 agents equals maybe 10 deals a month at 300 which is 3,000 gross before paperwork,time managing the agents,having a building (which I didn't it was virtual),and admin staff.When you take all that away the return was very minimal in my opinion.So I have around 8 agents now.I have been paring down and not accepting any more agents for years now.I am the qualifying broker and owner so yes I do my own deals and have agents under me.I acquired my agents license in 2004 and my brokers license in 2007.

Lastly, and equally important:you are best being known as the property manager NOT the landlord / owner.

So if you used financing for your 70% partnership stake, you get 70% of the NOI and need to use that to pay 100% of your financing (possibly approaching a DCR less then or equal to 1).Banks/Lenders want to see that they are making a safe investment.

Of course tax deductions are a big part of your reasons to invest They would equally apply to any leveraged property.

The floor level is about equal to that of the raised wood floor of the house.

It is my understanding that banks must keep capital reserves equal to the value of non-performing notes on their balance sheets.

Insured with Escrow, looks like it needs repairs to close that require less than or equal to 5k and you will have to put money into escrow to get these done.

All being equal... are your chances better of having a six figure income in a flipping business or working as a RE agent?

Your tenant appears to be a nuisance equal to the fruit flies.