I like that idea. 

Becoming a real estate agent is a good idea to gain experience, but you could also explore property management, wholesaling, or working with an investor to build your network. 

It's a good idea to consult with a real estate attorney to ensure everything is legally binding and clear to avoid future disputes.

You'll learn what contractors are good at such repairs, and eventually people will start bringing you "problem properties" with that issue.Another related idea: contact a good local realtor and ask them if they know of any on or off market properties that would be a hard sell for most buyers. 

The house I regret most for not getting it is this one,https://www.zillow.com/homedetails/N8064-975th-St-River-Fall...I was so close to getting it, but I chickened out because I have absolutely no idea how these houses even exist.

thanks.Ask and answered already here https://www.biggerpockets.com/forums/51/topics/1223534-boi-r... 

Hey @Jay Fayz you for sure have the right idea, and if ultimately flipping and wholesaling is what you want to do, then that's a great path. 

To give you an idea of what taxes look like on a sale below is an example for a property in Texas, obviously everyone's situation is unique and you'll need to meet with a CPA. 

I just think basement access is generally a bad idea.

Hey Brian, Generally, a HML org will want to see some diligence around the contractor or get some idea of past work if you're doing the work yourself.