James my name is Jorge and from what you're telling me, i can see where what you're doing is attainable, however living here and trying to go tat it on your own to do a deal here or there and then to need help, ask and not got any, no book or course can solve that..myself I think it's a Louisiana thing,i can promise you people here are way more lazier than in Ca where i'm sure the work ethic is much higher..no offense to any other La people on here btw....

By that I mean drive, work ethic, etc., All they want you to do is make money for them and yourself.

I believe there may be some ethical and legal issues with doing both.

When people lose sight of the work ethic or the value of money, they thing of work as something that they are forced to do.

The upside is the normal IRA tax-free treatment.

There are so many options with structuring business entities for liability purposes, for tax purposes; and, YOU (if you get your license) may also have to worry about professional service and ethical restrictions, etc....

@Jason Mak, Cost segregated property does indeed qualify for 1031 treatment. 

Whether you say ethics or any other BS in the real world these REO kings and queens have a list of buyers ready to purchase with cash where the REO broker can double end a deal.If the offer is close to what the asset manager wants then the bank doesn't care about double ending.How you level the playing field is to tell the listing agent they can keep all the commission so they will push your offer with all things being equal.It is a classic mistake I see brokers and agents make time and again.The REO broker is only getting a tiny fee on their side and having to cover a bunch of costs listing the REO so getting the other side is huge for them.If you are flipping you will save the commission on the sell side as an agent and you can put 4% co-op to get buyers agents in droves and still save 2%.The price has to be competitive and the rehab quality for the area as always.You can't just offer a higher co-op and then list high to compensate for it.That is another classic seller mistake.good luck

I would say ethically, if he is employed with the company that he hangs his license, he is ethically obligated to run the income through his broker.

We have done the termite treatment which the termite company put chemical to the ground.