But you need to know who's paying the bills, and therefor who's more important.If none of the internal investors bite, then they will often put it on-market.When it's on-market, it behaves very much like @Jon Minerick describes.

(3)  Rehabbing and getting into flipping (my parents were contractors and I had a painting company in Buffalo - closed it to go back to the corporate world but have the time, interest, equipment, and know-how to do most if not all of the drywall / painting work on a flip)(4)  Being an assistant or intern for a house flipper (I'll work for free - teach me and let me see the process from the inside!)

It might be ideal if you get a long term tenant that is a real wear and tear specialist, one that squeezes the last useful life out of all the components... then out with the old, in with the new...Best of luck!

I like to use a famous person's quote on why learn IRR:"We choose to LEARN Internal Rates of Return (IRR) and do the other things, not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win, and the others, too."

Now, one could argue that if you removed the financing component from home purchases, the market value of properties would be markedly lower, and I wouldn't disagree with that.

Read @Jay Hinrichs post on his Midwest adventures and book on international investors from turnkey-review website.https://www.apartmentlist.com/rentonomics/rental-i...https://www.bloomberg.com/news/articles/2017-10-26...https://wolfstreet.com/2017/11/01/biggest-us-citie...https://www.biggerpockets.com/forums/311/topics/22...https://www.biggerpockets.com/forums/52/topics/402...https://www.biggerpockets.com/forums/594/topics/49...Good LuckVivek

If your managing your own properties that you have a clear ownership interest in .. no licesne requiredif your managing properties for your clients IE collecting rent.. negoatiating leases etc.. then yes you need a brokers license with a PM component.. and you would have to work for a broker for 2 years then sit for your principal broker exam pass that and the property manager component..does not matter resi or commercial.. reason is your handling lots of money for investors and or negotiating contracts state wants those folks to be licensed and accountable. 

Along with pretty nifty international airport that allows me to move all over the country as I do...

No, it would be a prohibited transaction--Internal Revenue Code Sections 408 & 4975

Most are short on training, and certainly experience, for the last two components.