Toby - getting your license for self representation of you're planning on doing a lot of deals is a good option.1) You have to hang your license with a broker unless you have a brokers license.

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

Hi all,I currently use RentRedi and am trying to deal with the following situation:- I have a bunch of prequalifications and applications in my queue- I've accepted one tenant and filled the unitMy question is, "How should I mark the others down in the software that would have passed my screening standards?"

Quote from @Yael Doron: Hi BiggerPockets community,We’re a young couple just getting started in real estate investing, and we’re particularly interested in BRRRR deals in Queen Creek, Arizona.

When they don't pay you evict them as a tenant rather than dealing with an ejectment which I guess can involved more nuanced arguments in court. 

What I mean is finding the type of deals that you could do with each of them that would capitalize on their unique knowledge and skill sets and desires.

We talked about an aggressive paydown at a rate of $5k for the next 6 months to make the deal sweeter for the next person, but renting it would be preferable to that I believe since I can get a higher return on smaller development projects at a burn rate like that. 

You've left that part out.This is what dealing with Class C & D tenants is like!

It's a small shop and we deal with the owner, no one to escalate to. 

When you have a real state license you have access to MlS and  that gives you the opportunity to see possible deals before those who don't have access.