So, the broker will usually investigate and correct an agent who isn't operating as they should. 6.

@Toby FellowsYou are correct, you need to ‘hang’ your license under a broker in order to practice real estate, and most brokerages require you to become a member of the National Association of Realtors as well.While you are preparing and taking your courses, contact several brokers and interview them to find out who might be a good fit.

My bookkeeping firm provides me with a steady active income, which allows me to keep doing deals, cover unexpected expenses, and navigate the occasional black swan event.My Take on Cash Flow:Cash Flow is a hedge against corrections.

Calling this cash flow is correct, but also causes confusion when you shift to a tax discussion.

If you didn't budget your rehab correctly, and don't have access to more money, you will be stuck (this is also true if you buy with cash without any excess money).  

Asking in the correct forum will get a better response.Read the RULES!

I don't think that's a good strategy because you can never time when the correction happens.

Yes, there are bad areas and appreciation probably won't happen...but rents are not declining, there are great tenants if you screen correctly, and even the C neighborhoods generate great $.

One additional thought: a disregarded LLC might work for you if structured correctly.

However, if for example, the company did not install or disconnect the washer and dryer correctly (such as leaving a valve on) while water is turned off prematurely, causing damage, what language do you put in the Lease to also hold other parties accountable such as ALE and appliance install company?