Professionally, i have my license and already started to build some relationships. 

Are you licensed to recommend investments (i.e. financial advisor, broker, dealer)?

My biggest one, a complicated, large Tudor style home with an ancient cedar shake roof (full tear off and complete redecking) cost me $10,000 by a licensed and insured contractor.

.- Son to have RE license and path to life he desires.  

If your son is your property manager, he may need a real estate license, you might want to check on that. 8.

I just graduated college and got my license 5 months ago so I'm brand new to real estate as well.

What do you plan to do with your license?

The worst part is that it's usually way too easy to get your license, and the consequences for these sleazy agents are usually non-existent or not harsh enough. 

As you need to be a licensed foreclosure consultant to buy pre foreclosure properties. 

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.