Investing as a MLO / Real Estate Agent

[Jason Yang]

Hi Everyone,

My name is Jason and I am new to BiggerPockets, Real Estate, and Investing!  I was wondering what everyones thoughts were in regards to getting a Real Estates Licenses as a beginning investor, and if it is worth it? I also have a potential opportunity as an MLO, which I thought could be a good idea to first build my network before getting my Real Estates Licenses.  Let me know what you all think!

 I also just bought a condo in Charlotte, NC to live in as I was putting money into apartments and felt like I was wasting away money that could be going into a property.  I've been treating it as if it were a rental property occupied by a tenant.  For those of you are a familiar with the Charlotte area, the condo is located between South Charlotte and Ballantyne, in the Pineville-Matthews area.  I felt like I may have jumped the gun too quickly, but it is what it is now.  Here are the details:

2B/2BR, 1037 SQ FT.

Purchase Price: $174,000
Original Loan Amount: $165,300
Mortgage: $685
HOA: $240
Tax: $110/mo.
PMI: $37
HOI (HO6): $48/mo.
Age of condo: 38 years

I calculated the Capex: ~$162/mo.
Totaling: ~$1282/mo. 

If it rented out for $1400/mo. it will cash flow at $118/mo.

(Hoping I did the calculations correctly regarding the market analysis!)

A condo for rent in the same community is listed at $1500/month, which started at $1700/month. It has been listed for 67 days on the market.  It obviously overpriced as no one is renting it out yet, and it continues to drop.  If anyone has any insight in the area, let me know!

Best,
Jason