To get a taste I'd recommend acquiring a multi w/value-add (lots of sweat in other words) in a B+ area wher you can live and rehab and above all, LEARN as I've observed over he years it's not how much capital one has at their disposal but knowledge that will ultimately yield you the "cash-flow" you're aspired so to grow.  

You collect fees along the way under scenario 2 as well for acquiring, managing and disposing of the property along with your share of the cash flows.

It became clear to me that it would be much more efficient having my own license and the same tools at my disposal.  

There are countless topics, and forums at your disposal here, it can be a bit overwhelming.

Trash,, is a constant issue,, notify tenants,, properly dispose of,, add containers if needed.. let tenants know any trash not put in cans they will be fined,, I've dug thru trash found envelopes to tenants,,taken screen shot and they get 25.00 fine for not getting it in the bin.... don't be surprised if neighbor is one to call that complaint in.. 3.

Have you realized how valuable the tools you will have at your disposal as an agent will be to your real estate investing?  

I have my father's 30 year old contracting company at my disposal, I work directly with an in house mortgage lender at my office as well as a property management company (which I would primarily use on a consulting only basis to begin with) and I have 2-3 options for creatively financing my first few deals. 

Come 2019 we will have great w2 income, and we'll be ready to dive in aggressively with our disposable income.

I currently have $60,000 in cash at my disposal and I plan to use $50,000 for the down payment and rehab of the first property. 

Federal law (EPA) requires asbestos be disposed of at an approved facility.