Youll need to create standard operating practices (SOP's) that can be documented.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

65% of your success is the list, not the letter.I totally disagree with Jonathan about saying you will not lowball.You will, and then you look stupid.Unless you are a realtor and can offer listing solutions, I would say you will NOT pay full retail so you don't get all the calls of worthless leads that want full retail.The only reason to do this is if you are a rookie and want practice talking to people.Easier and cheaper practice is to go to craigslist or facebook marketplace and call landlords that are renting and ask them to buy.Your letter is fine, if you find a motivated seller, they will call.

Travis mentioned delayed gratification, which is essentially what I'm reiterating here.Furthermore, Read "Set For Life" to enhance your mindset regarding financial literacy and apply the practical financial steps Scott Trench mentions in his book.

Any recommendations for practice test books/courses to prep for the licensing test following completion of the course?

I picked a random date of 3/22/2010, and on that day, there were 21 courthouse foreclosures filed.I would expect the number of Short Sale (TAM) opportunities, today, to be practically zero.

Practice your personal elevator pitch in the mirror out loud until you feel comfortable saying it. 

Focusing on generational wealth is probably not your best prospect.A better focus might be running the property in a professional manner, maintaining the asset value of the property through appropriate repairs and upgrades , learning some best practices for management , and having enough cash reserves to keep the property from being seized by the bank in lean times .

.) - Speaking of HELOC's and second mortgage another option could be a simultaneously closing.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.