Programs that market themselves as shortcuts often cannot replace the depth of understanding that comes from study, experience, and engagement with the legal framework surrounding real estate.Consider taking time to familiarize yourself with local laws and regulations.

Keep studying and stay creative!

I will study this more.

Screening is definitely an area I studied up on beforehand, and having a large graduate student population to choose from definitely gives me more confidence.

Then, you need to study the IRS Publication 523 regarding the Sale of a Residence.

She was studying to get her CA Broker’s License which would fully legitimize us, and allow us to manage funds on behalf of the homeowner’s and have ownership of the listings and reservations.

Perhaps find a deal someone else did and do a case study making reasonable assumptions.

They are rarely reported accurately by realtors on the MLS when transactions close to begin with and I don't believe anything other than the contract sale prices are utilized although an official study on this would be very interesting albeit a painstaking process to undertake. 

Read it and employ it.The only thing I'd really hammer home is understand and study the market you want to get into-- meaning visit it multiple times, know the streets, get a healthy understanding.

I'm working full-time, but also studying full-time.