* Finally, could you recommend any valuable tools or learning resources?

But there are other tests and if planned correctly, you don't need these two tests or even track hours the first year if your participation is substantially all hours.

For this particular property, LTR GRM would likely be 21x - 23x; if Rabbu's average is correct, the GRM would be 16x - 18x for the target (approximately 6% cash on cash) so I'm trying to identify if that's in line with the area returns.

I was recently corrected as I thought 12 states required license but it’s up to 18 states now from what one of the BP experts let me know.Department of real estate for re brokernot sure on the cfl.

I don't know about your state but mine (TN) has a lookup tool that will show you the agent's original license date, the brokerage incorporation date, etc. 

In today's world, with the tools we now have, I tell the investors that I work with to invest in the best market and best deal you can.

This is not correct. 

From the public website,The BetterLife Tribe program offers everything you need to achieve real estate success:Monthly Calls with Brandon Turner and top real estate experts, providing you with insider knowledge and strategies.1-on-1 Personalized Coaching to tailor a growth plan specific to your goals and challenges.Access to the reiOS System of Success, the exact operating system Brandon used to scale Open Door Capital to over $1B in assets.World-Class Real Estate Education and Tools that equip you with the skills to dominate any market.A Thriving Network of 1,000+ Active Investors ready to support, inspire, and challenge you on your journey.Seems like a great program like many do in the marketing materials

Financing is important but your realtor will absolutely be the determining factor whether you purchase correctly or not. 

Some IRS agents may still require filing Form 1065 for 2024, so be prepared to file for this year before transitioning in future years.For Question #3 on Form 8832, you are correct that it asks whether the entity has more than one owner.