It sounds like you’ve got a solid plan and a great passion for real estate investing.

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

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

****little about the deal that I’m putting together I have a piece of land that that is permit ready plans approved ready to build on held it my property with no lien.

The transition of planning to executing has been a mess though.

You may not feel the need when you own just 1-2 properties, but it may be more relevant if you plan to expand. 

I live in Lebanon, IL and this property is also in Saint Clair County in Belleville.I plan on managing this at first, but want to build a proper amount into my budget.What would you recommend for budgeting for in terms of good property management in this area?

I’d love to hear more about your goals and how you’re planning to apply your expertise to real estate!

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Stessa brings accounting, tenant screening, financial reporting and more into a single integrated platform built for investors, by investors.