Very good insight by @Jordan Sutherland and I agree with a lot of what he said.If you can float the upfront fees and yearly fees that come with getting your license then I think getting a license is a no brainer.  

I have one in the garage that floated in and landed on our beach.

Placement floats around 1/2 to a full months rent for lots of PMs.

Lets define A, B, and CThere are many definitions floating around attempting to define investment properties.

If it's a garage conversion, understand that the added bedrooms may be sitting on the formerly garage floor slab - those floors will be cold and hard, even with padding under carpeting or a "floating" hardwood floor.

If you can't float the nut on your own, maybe it is worth reconsidering being your first investment.

the reaction from Carlito King was like returning small arms fire with a bazooka LOL.. but in reality you get the drift of the base personality when you see reponses like that.. that just leap right to calling people names and profanity.. 

It'll take 5-10 years and you're saving against a floating appreciating asset.

No telling how much lead and asbestos is floating around in the air!

Heres what I am doing feel free to critique;1) must still cashflow if rents drop 20%2) at least 10 year financing (no floating interest rate)3) and six months of expenses in the bankIt sounds like the there are quite a few folks like Kiyosaki that are concerned about a currency collapse.