If the sales price is so high, you can not even obtain at least 1%  with a Zillow rent estimate keep looking.   

(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and

By doing this 1031 exchange they will indefinitely defer paying the tax on the profits. 

My goal for right now is to gain some funds through wholesaling properties and then eventually obtaining a couple rentals in the next few years.

City of Cleveland wants a certificate of occupancy before they’ll issue the RR.C of O is impossible to obtain with a squatter.

I would recommend obtaining a new EIN under the new single member LLC.

The short answer to whether licensed real estate brokers/agents should obtain their NMLS mortgage broker license is: Yes. 

Moved into a cheap house and used “sweat equity” to increase value and then obtained a line of credit.5.

Hi everyone,I'm looking to invest in short-term rentals in California but want to focus on markets that have a relatively smooth and less restrictive process for obtaining permits.

I hope someone can direct me to the specific code that limits cities from keeping a unit Available for Rent indefinitely.