For my state (Ohio) its a 120 hour course followed by an examination.

I'm currently in the process of acquiring my salesperson real estate license in Michigan and take my state exam in November.

I'm thinking that ROI is really only effective in examining whether a house is worth buying as an investment. 

If we had been able to do that, we would have likely saved 20-30k on the purchase price (someone bid us up in the auction)....However, I think we made the right decision to NOT do that given where we were and comfort level with the process (perceived risk was higher at that point and its worked out well)To buy directly from someone that's getting foreclosed though... as someone mentioned you do need to consider all the 'usual' stuff that happens in a closing/settlement - including having title examined/possibly insured ---  you can pay for this directly from a title /abstracting company however they usually want it paid in advance. 

A refi will only compound cash flow issues.But you need to examine the impacts of selling and leaving the real estate sector now. 

I know this is an old thread but it hit a nerve for me.

See link below if you wish.https://www.nreionline.com/finance-investment/examining-first-crack-real-estate-crowdfunding-industry-s-fragile-foundation

@David Hart It’s always nerve wracking till you do your first deal.

An examination of sales in stated areas between 2010 and 2012 -- some of these properties actually sold for 1/3 to 1/2 of what they're trading for today.

As I told Phil in an email when he had the nerve to ask if I was still interested in purchasing another property in Philadelphia, shame on you.