Then you've got the license fee ($200ish), joining a local Realtor association (~$150) and national realtor association if required by your local board (another $150), the local MLS access fees ($300), e-contract software ($80/mo), E&O insurance (maybe $100/mo).

Also, will I have the flexibility to shop loans to wholesale lenders beyond the one with whom my license is associated?

Here is my situation and associated questions. 

What risks are associated with partnering and what kind of work would be required to make it less passive?

If there are any associations/ meet ups for new investors on the North shore, I would be interested!

I won't go to deep into short sales, but there are a ton of additional costs that are associated with a deal like this.

Additionally, you will still be responsible for paying the cost of the house and any associated renovation expenses, which may be a significant financial burden. it is important to carefully weigh the benefits and drawbacks before making a decision.

To generate passive income from rental properties, investors should aim to purchase properties with positive cash flow, meaning the rent income exceeds the expenses associated with the property.

According to the National Association of Realtors (NAR) last year For Sale By Owners (FSBO) properties in the US sold for 26% less than those listed with a licensed agent.

It important to thoroughly research understand the terms and associated with real estateicate investments before committing.