ALSO they have regs on rooming houses only allowed in specific zoning, similar zoning as for hotels;  only on main streets in business districts AND you have to apply for licensing and blabla as for a hotel..That said;  there is a small movement supporting rent by the room as a small step toward solving affordable housing. 

I always list my flips, but I have been investing for more than 30 years and licensed for more than 10.

Disclaimer: While I’m a licensed attorney, I’m not your attorney.

Is this the route I should take:Find an agent to work underCold call, cold call, cold callGet good at analyzing dealsGet my real estate license  Take commission and reinvest in multifamilyPlease if anyone out there can give me some advice or point me in a direction I would really appreciate it.

The reason for this is that without a license you have no fiduciary responsibility to your clients.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

Couple of things I would add as I am an investor and also a licensed GC(i.e. builder)  there in the area. 1) That property might have a zillow estimate of 1.9 million but its only 4,000 sq ft. 

Both ask for my license numbers.  

Licensed?

quickest way to lose your license is trust fund violations.