I am not an expert here but my thought is that you would learn a lot by getting your license and have more credibility in the industry at large so if your time and finances allow- get that license:)

I wanted to be able to put in some sweat equity and learn some of the skills needed in this trade.

This gives you a better opportunity to do STR or MTR and not bother yourself or the LTR tenant with more people coming in an out.3.

Consider experts like @Brian Eastman or @Bernard Reisz for help.

I manage my own portfolio and have worked as a PM for a very successful individual but have never considered managing other peoples properties.

This cap rate is not completely out of the realm of what things are trading at.  

Coloma: For those experts, your input is highly appreciated .

If the trade value of an old shopping mall is less than the build cost of a new storage space or warehouse, then it doesn't make sense to build a new storage space or warehouse, just buy an old shopping center.

You’ve become THE expert on residential housing investments in Detroit.  

I would not buy a new vehicle just to get a write off - Only if you planned to get a new car anyway(I.E. if your old car is worn out).A lot of people are focused on deducitons but not focused on the income coming in / out.Best of luck!