Becoming taught something that MAY have worked for 1 person 30 years ago isn't always the most reliable training that a new agent should be devoting their time to.

It really comes down to how much time you are able to put into it, which it sounds like you will only be able to devote a short amount.Do you plan on transitioning full-time at some point in the future?

Ilan Szulik how much time are you devoting to this while managing your education?

He told us that due to my wife's high income, we cannot deduct our rental property expenses unless one of us (me) becomes a Real Estate Professional, devoting 750 hours per year to real estate.

It depends on how much time you have to devote to this.

That is a personal preference based on where you are in your investment strategy and how much time you have to devote to the business. 

BiggerPockets actually has an entire book devoted to estimating rehab costs, which contains all the spreadsheets I use:http://www.biggerpockets.com/flippingbookFull Disclosure: I am the author of the book.

I’ve recently made the jump into “retail” real estate investing and have noticed a lack of software devoted to financial analysis.

Ultimately we decided to close off the entrance from the hall and devote the bathroom completely to the master bedroom suite.

That's down from nearly 80% in 1992.At the same time, fewer men assume all of the household resources will be devoted to their careers at the expense of their spouse's, Friedman said."