I went the same route as you, studying for my real estate salesperson exam over the course of the previous summer and fall, eventually obtaining my license over winter break.

I dont use it , but I keep my CDL ( commercial drivers license ) And if I really needed to , I could have a job tomorrow paying $30 an hour . 

If so does the property currently have an active rental license?

I will soon be a licensed broker, but need to work under an employing broker for two years per Colorado law.

Still 700+ Tier 3 licenses open to register for and if you buy right you can make a good return. 

I was also thinking about a real estate course but as per my understanding, I wouldn't be able to be licensed because I'm still not living there, so my plan is to wait a bit more to enroll in a course to make sure I'll have all my documents ready first (apparently after the completion of the course, I will have no more then 6 months to do the exam to get licensed).Sorry for the long post (and maybe some grammar mistake) and thanks in advance to everyone :)Chiara Hi Chiara,Her course does teach you her way of analyzing properties and local trends by zipcode, but what I discovered after meeting local investors is that everyone has their own way of analyzing properties and their own interests in the different neighborhoods.

Research cities like Cleveland, Columbus, Indianapolis, or Kansas City, and consider getting licensed in the state where you want to invest.

Make sure the Flat Fee Company is NOT a referral service, that the broker is reachable and licensed ... check reviews and license numbers (licenses should be listed on the home site), they should allow at least 25 pictures, no charge for changes, and a good customer service.

The problem I see is the masses have not understood the advantage of purchasing a duplex.As far a Lennar is considered an entry level builder, I don't see that their neighborhoods in general have very good price appreciation, unless they are in a unique area where the location is exceptional.I think that prices are falling, and that you should be able to find a deal, the I-35 Corridor from  San Antonio to Austin is a very hot area.Here is an example of a property that was listed for $342,000, and the list price is down to $300,000, with a price drop of $20,000 on 7/29. 1261 Stone Rim Loop, Buda, Texas 78610, If you need any comps or info, just let me know, I'm a licensed Broker in Texas, and I have MLS access across the state.Also, I'm not sure if you know, but you can split your 1031 exchange and purchase multiple properties instead of just 1 property. 

Management fees- free rent in exchange for licensed agent living in the community and coordinating work orders, etc. $288,000 income - $199,600 expenses without management and landscaping = $88,400 / year or $7,366/month.