John Berg:In some jurisdictions if it is revealed you did not pull permits {which will happen as it is part of your disclosure as a "professional"} an annotation will be placed on the title of the property and title will not be transferrable until any missed permits and inspections have been addressed .... even if that means reopening your walls because you missed your rough-in inspections.

I used to be part of an S-corp in a previous business (primarily because LLCs either weren't around or not popular back then) and when setting up both my current 'day job' business and my buy and hold real estate partnership, my accountant favored the LLC over the S-corp.I think his main reasoning was the increased paperwork, more stringent requirements, and inflexibility of equity or profit splits in the S-corp.I think, but an not sure, what you will hear from others is to form a different Joint Venture for each property of each 'partnership' you form that could own more than one property.Dan Dietz

Control real estate - that's what agents do when they list a property - they have it controlled.If your goal is to make money assigning real estate - get yourself out there in the market and find sellers who are truly motivated - agents are gate keeps - they want to keep you from talking and negotiating with sellers - you don't need that starting out.I have been an agent/broker now for well over 40 years - I buy, make offers and control real estate - I do much these activities without money and without agents - it is just too difficult trying to make a profit what agents are involved - unless you have lots of money and will to be controlled.Please - understand - I an not saying agent are bad - I only want you to know that is not easy.Go find some really motivated sellers, sit in rent and housing court every other day for a few houses, knock on the doors of sellers where there was a listing, now it is expired.

Hi @Khaliq KingI can't speak to Florida but in NY I an not legally allowed to give a referral fee to any unlicensed individual.

@Bill Pate - I have a MacBook and just use the Annotate option in Preview; you just type in the text and adjust the opacity.

When you get the property under contract, in your documents you make sure that it is annotated " seller will pay 1/2 of the closing cost.

At my age I dont see a lot of difference between having it an not however, I suspect I might have been taken a little more seriously when I was younger and just starting out if I had obtained it then.

Hollow promise an not enforceable; foreget this agent!

You might as well not have a PM then because i is you that they will be calling an not the PM.

I an not a new investor...been doing this since 2002.