Good point - At least in FL, since I am licensed I can pay to the other agent's broker legally.We pay the same regardless if it is an RE agent or not, i.e. we pay that same rate to friends, family, current clients, vendors, etc.

Each has its pros and cons and owning just these two properties have taught me many many lessons about Multi-Family ownership.

I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.I have checked my city's ADU laws and long term renting is permitted.Question : can I obtain the REP status while maintaining the ADU while it is in my primary residence?

Parts of Garden City Beach are prone to flooding, so if you're buying a single-family house you'd definitely want Flood insurance. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

availability of multi-family 4. ability to write my own contracts(Go off market) 5. landlord tenant laws etc......and some others.If you plan to hold long term, think of what would be most important to this type of investing i.e All the best! 

Hi Guys - wanted to share a major accomplishment, today I had an offer accepted on my first multi-family! 

Dentistry.Buy your own building, rent out to other professionals and use the money to buy single family homes for rentals.

Or like many small in businesses you raise cash from friends family and anyone else that knows loves and trusts you.The other thing I suggest is to make that $27,000 or $37000, or $50000 yourself over the next year. 

I did a 1031 exchange for 2 replacement properties, with sales price 170K and 200K single family homes.