I've worked as an assistant loan officer and title examiner but most of my experience has been in property management specifically in the low income sector (Section 8, Tax Credit, etc).

If anyone reads "Serenity real estate solutions" and calls you for a massage, they don't need a rubdown, they need their head examined..

You may want re-examine the UBIT rules as they apply to 401(k) plans.

I'll examine the old lease as well.Thanks again,Mark

Examine the Certificate of Occupancy, review the building's SRO status on DOB, and analyze the rent roll for clues such as preferred rents. 

Listen to your nerves.

However, there is an issue of timeframe here, because in the MBL requirements it states that: "(c) Has had a minimum of three years of licensed experience as a fulltime real estate broker in this state or in another jurisdiction having comparable requirements within the five years previous to applying for the managing broker's license examination or is otherwise qualified by reason of practical experience in a business allied with or related to real estate as prescribed by rule;" SO, now for the big pay off, my friends who have held on this long... my question is (drum roll, please) must military service have been within the last five years in order to satisfy this requirement?

My main piece of advice in response to your nerves and figuring out how and what to do... don't invest your entire life savings right off the bat!

Tax sales are fun, if a little nerve wracking.  

You do have to examine tax benefits of ownership on single family homes.