If that's the case, research exactly what are the requirements, including from your personal experience, and strategize how you will accomplish this, including having to work under the supervision of a Principal Broker for a time.I will say that having my own Brokerage is a double edge sword.

responsibilities for day to day running, in all relevant areas of activitytactical decision making (day to day)strategic decision making (longer term policies)what things can only happen if both parties agreewhat will happen if you can't reach agreement on some major issue - ie deadlockWhat happens if either party 'wants out'?

Performing note buyers formulate their bids off of UPB and don't give much weight, if any, to deferred principal.

My goals are to replace me and my wife's current salaries through multi-family repositioning buy and holds in the next 8 years so we can spend more time with family and friends, travel, ski, hike, and give back to our local communities.Here are skill-sets of mine that I've built over the last 10 years that I think will translate well into the RE industry: project management, business development / selling, building successful teams, financial analysis, stakeholder management, strategic planning and roadmapping, and process improvement.Super pumped to be here and looking forward to learning, building relationships and working with you.

It was not a strategic investment from the perspective of cash on cash since I didn't leverage, but it is generating a 9.6% cash on cash currently with probably 100k unrealized appreciation in 10 years.

We are strategically planning and preparing to TAKE ACTION!

(my target is at least $500 net after all proper reserves per home)Do you see any major strategic flaw in this plan?

I started to meet people back in Czech Republic and after 3 months I called John that we have a strategic partner.

Dan:If you are absolutely certain you have a good prospect, save the foundation issue, then spend a few hundred dollars to have a structural engineer and foundation specialist assess the integrity of the structure, formulate a corrective plan and provide a budget cost estimate (add a buffer to these numbers).If it still looks like something profitable, and with which you are comfortable, afterwards then why not proceed.However, if this is your first dance with a structurally compromised structure, be very conservative in your analysis as there could be many "oh ooh" moments above the foundation.

They require different skills but a license (obviously) puts you in an ideal, strategic position.