Here's the decision as I see it:Does the time flexibility and lucrative pay of being a property manager outweigh the highly illiquid nature of this  investment?

Granted there were two sets of closing costs, but the long term benefits of the cheaper financing more than outweigh that.

Yes the mortgage broker takes a cut of the pie....but typically the rates and loan products they are originating are being done at a larger discount than you could get, so their fees are outweighed by the discount you get using them.

And assuming we're talking buy and hold, wouldn't the long term stability outweigh any market fluctuations, especially since you'll be paying it down. 

You have continuing ed and yearly expenses and a whole host of disclosures that I personally don't think outweigh the benefits. 

But not enough to out weigh thr tens of thousands in taxes most likely.

The perceived additional taxes that you might pay will be far outweighed by the benefits of a good real estate portfolio.Good Luck

I've commented on this topic many times with all of the reasons, but financing would be your only benefit to purchasing in your own name, and in my opinion, that doesn't outweigh the risk.

The only advantage to 'cashing it out' is that you can find loans for only say 20% down, so you can leverage your money farther, but it will take a while to earn back enough higher return due to leverage to outweigh the penalties you need to pay to do that.

So if you're looking to get your license because you want to use it for investing, research that and make sure the pluses outweigh the negatives.