We have sold (tax free), kept as long term and/or short term rentals as well.

Licenses are typically required if you plan to work in a professional real estate role, like as an agent or broker.

@Kelly Taylor who doesn’t like tax free atm withdrawals?  

You also don't have to pay state tax on income. 

Networking with the professionals in your market will start to open doors and opportunities to collaborate will arise! 

.- Rents staying flat while property taxes and insurance increase.- Unexpected expenses that eat into profits.For example, some investors who bought in 2022 at high interest rates expected strong rent growth to cover costs.

An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).

so I used 1.5% as a property tax number, and I used $200 mo for insurance.

If you’re interested in investing in real estate, you can consider doing so with a Self-Directed IRA to defer taxes on capital gains until you actually withdraw the funds from your IRA.