For example if I wanted to run an ad looking for potential sellers would I run into any legal trouble without a license?

He brought up a 60% Heloc Strat....Example given:$100,000 3/2/1 SFH$1,000/ Month Rent Rate30yr Mortgage 5.0%Option 1: 20% down20% down 20k, Mortgage payment of $430/month+$245/month expenses, cash flow $325/month ($3,900yr) + est $1200 in equity payed down... for a gain of $5100yrOption 2: 60% down60% down 60K, Mortgage payment of $215/month+245/month expenses, cash flow $540/month ($6,480yr)+ est $480 in equity payed down.. for a gain of $6960yrOption 3: Heloc 60% strat60% down 60k, Pay Mortgage payment of 215/month first 3 months, then apply for a 15yr HELOC ~5% for the 40k remaining of loan.

Since I am a numbers person, I like to look to be able to compare scenarios to help build my strategy, but I have found it difficult (even hired a wealth strategy consultant) and have not been able to find anyone to give me such examples and scenerios.

@Josue Godoy This is a loaded question- If you are planning on being very specialized in a single area it would make sense to go one way or another...this is an oversimplification, but the point is to be diverse enough that you can process any type of deal...for example, really focus on an area you like well...like flipping, but learn how to hold properties as well, and whatever else you want to learn...as you grow, you'll be receiving many leads from different sources...and the point of this rationale is that you should have enough tools in your toolbelt to put your deals in a "best use" funnel...then profit on the other side.I'm only adopting this position because you are so young and have so much time in the industry to elect to pursue and specialize in one strategy.The simple answer is related to your goals...assuming you want passive income to replace your W2 means that you will need to buy and hold properties...similarly, if you start flipping properties, you're creating another job for yourself and creating a liability.

My name is VaShaunna and I am definitely fresh meat when it comes to Real Estate. 

For example, I fund payment for roof replacement and therefore can deduct the depreciation from my taxes as opposed to splitting it 50% with partner.

So in your example you would only pay tax on the $5K and all remaining profit and depreciation recapture would stay in the exchange.

fresh batteries in all.  

@Zabrina HortonWhile one can partner with their IRA or solo 401k to invest in real estate by pooling their funds in an LLC, for example, very specific rules apply including not receiving any type of commission and not using debt financing.

To take this example to the extreme, imagine that one person took out the mortgage but 20 people were on title.