It means you need to file/pay state quarterly taxes (B&O Taxes) on that Income and report a Schedule C business now that you pay SE tax on vs. no SE tax if that income would have stayed on Sch E as rental income. 

Actually now is a good time to buy because the luxury market in South Florida has been very soft since the 1st quarter of last year 2017.

The average price declined 2.1 percent to $270,303.The HAR sales report indicated a decrease in upper-end sales.Check out the the Center's fourth quarter 2017 housing report for Houston-The Woodlands-Sugar Land for more data. 

$8 million loss on the previous quarter, during a huge economic boom.

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.