Monica Davies I am in a similar situation. I am new, with only one rental, and I'm looking for my next one. I look at lots of houses online at all of the real estate sites. I decided that I was going to get my license due to the fact that I want access to the MLS because not a day goes by that I don't want to see some comps. I was bugging the crap out of the agent I bought my rental with. For her to give me the attention and information I'm looking for I would almost have to be her only client.
So now I am just about set. I took the online course in about a week and took my tests. Once I passed those I found a really good, investor friendly broker. I'm dropping my final forms off tomorrow at the real estate commission and then I'm ready to get going. I'm excited about having my own access to the MLS and being able to go view properties without having to schedule it with my agent, but I'm most excited about the small company I'm going to work with. The broker has lots of knowledge and encourages people to use their license any way that they choose. There are two other agents that flip houses and one is even a licensed contractor.
I'm going to be all on for at least $1,600 once it's all said and done. I think that's a small price to pay for what I'm getting. Buy or sell one house and you're more than repaid what it took to get in. And the first thing I'm going to do is list my primary residence, which will be a nearly $10,000 commission in total. I'll get 80% of half of the total.
All that to say... I think it's worth it to get your license.