Bottom line, decide on your engagement and risk level first, and then look for an investment type that suits your needs best!

I invest heavily in RI and would highly recommend engaging with a quality attorney that knows the local ordinances. 

We also buy very unloved buildings under the assumption that we will be gutting the building and replacing almost everything ... so typically do not bother with engaging an inspector or engineer unless we see something out of the ordinary (in a bad way) or we are having a Phase 1 done.However, in the beginning before we had acquired our present level of comfort and experience, we sent an inspector into most buildings ... if for no other reason than to provide input into maintenance and renovation planning.

Since this is your first purchase, it might make sense to suck up the cost and engage a buyer's agent to guide you through the purchasing process.  

I am simply using more precise language.I do this because Unrelated Business Taxable Income (UBTI) is generated when a tax-exempt entity engages in a trade or business on a regular or repeated basis (i.e. flipping houses or other types of dealer activities). 

This real estate business only works long term for those who engage their brains and factor in ALL costs and risks. 

Hello everybody, of course we were working during last 5 years with some retailers implementing loyalty programs based on proximity marketing tools, and currently we are working for airports, transportation systems and other venues....We had the opportunity to test and compare the tree main technologies availables: ibeacon, wifi-routers and Seeketing.Not all strategies are easy to implement, and the results are very different (ibeacon < 1% of total customer engaged, wifi-router/social wifi <10%, Seeketing <70% of total customer engaged)... so more than 30 projects and six years of experience doing a lot of things... happy to share with you any detail if you are interested.Regards

I’ve always done some other business or RE deal with a person before i engaged in a wholesale deal with them.

The only "issues" a license will cause is making you think twice (because of the consequences) before engaging in any questionable practices.

I've also used Messenger Bots to answer questions and engage with people who've taken quizzes.Now I am focused on email marketing to my relationships with realtors and mortgage loan originators to teach them all about hard money and digital marketing.