It’s actually one of the few areas that allow them, which is why a lot of land in the surrounding area sells for a quarter of the price. 

Rent it for $1,000 per quarter acre. 3/4 rented for $3,000/month. $1,500/month Cashflow. $18k per year.

Tomorrow - or even minutes from now, it can be different.The real value is in the credit report resulting from that pull.A recent retiree could have sterling credit - until their income becomes one quarter of what it was when they were working.Anyone can have sterling credit - until an illness or injury lands them in the hands of the healthcare syndicate.

I've also posted a note on each of the 2 basement doors, that basements are not living quarters and you can't hang out and sleep in them at night.

Going forward, I don't intend on being an active agent buying & selling homes, so my question is, short of giving up my license, is there any option to not pay all the quarterly board dues & broker office fees, E&O, etc., but keep the license in some "reduced" status, so I can still possibly reap the benefits of the real estate professional status for real estate investing.

If utilities are individually metered, if there's deferred maintenance, etc. all of the way down to what you think it will cost for quarterly pest control. 

I'm a realtor and investor and our country guy comes to the realtor association once a quarter and practically begs us to ask first. it's worth a thought.

Wait till march  when 1st quarter end of this year. 

Randall, those are very real concerns.Don't forget rent control proposals quarterly, first come, first serve screening, ESAs dictate how we handle animals, and show cause terminations of m-m agreements.I am afraid some of these policies will drift up or down the coast or East over the hill to us. 

Your last inspection should have caught any major issues assuming it was no more than 6 months ago (units should be inspected every quarter).