And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to. 

I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.

Quote from @Jason Baker: I’m A 11th Grader And I’m Committed To Being A Young Real Estate Investor After HighSchool...Just Trying To Seek AdviceThe average person who went to college carries $40,000 in debt. 

Of course, renting out the room and hiring a cleaner likely will make it too expensive for people to want to book your stay.

It's a great way to keep your license active without the usual expenses.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

use 25% expense for your #3

I am living at home still, so I don't have any expenses, but what should be the next step I should take?

And some markets are going to be a lot more popular for the average BP member ( which to me is heavily slanted to starting out) At least from the post we see.  

You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.