You start with a "salesperson's license" then after a period of time and some courses you can take a test to become a broker and open your own agency.

Do you plan to take the test, or just learn more?

MLS is around $800 a year, lock box, finger print test.

If it does not pass this test then you will need to go conventional. 

I can read and learn the real estate concepts with no fear of complexity since it isnt near the level of abstraction I was working with plus I can test it all out in the field more easily with a money incentive.Too young to buy houses even for you to live in?

I'd also stress test with a similar (or more) drop in cashflow.Pundits have said for years that LA is done, finished, down and out.

Don't know how to do this.If really too small, don't they have to perk test to see if a larger one can even be installed?

I have even helped them if two guys can tackle a smal task much quicker than one (pulling wire, testing things etc).I have found there is no trick, hire good people, and try to keep them happy.

Alyssa,You can’t raise rents in the middle of the lease, but you could inquire if they are interested in moving before the lease expires, who knows, maybe they wanted to move anyway, then you could test the market with increased rents. 

Kitchen sink leaked when tested, but it's all in the pipes and just needs put together correctly.The electrical isn't great: some ungrounded outlets and a double tap in the box.