The renting part is what's causing me more concern & nerves than anything.I have some more details but I don't want to go overboard - this is my first post.

Also keep in mind, I've never closed a deal yet, so if that helps others nerves in my situation, I'm glad.

Okay, I'll be hypocritical and include myself, but I don't have any intention of teaching, at least not in this arena as a paid instructor.Consider what state real estate commissions may require for agent's education, usually a master's degree and so many years as a broker, and then it may still be on a probationary basis, reviewed, examined as well as structured as to content.

We have done well because we have examined the areas that we have been in for sometime for some reason.

But being a first timer kinda nerve wrecking lol.

If the numbers are considered too thin by other investors, your options for making a quick sale may be very limited.Before considering keeping the investment, I would conduct thorough examination of the property and all things affecting the investment today and with an eye towards the future.

I'm not licensed yet, but I'm planning on sitting for the exam in the next couple of weeks.I look forward to staying connected.Best of luck!

As a newbie this has helped a lot in calming my nerves.

You might have a quicker path if you work for another broker, pay and benefits will probably be less than a larger institution, but the ladder is shorter.There is also the path I took, going with FDIC as a bank examiner, that gives you experience quickly that most brokers would never gain in the business and it opens doors widely.

They even did a compliance review where they examined many of these ROBS transactions and issued commentary on where people stepped afoul of the rules (didn't file 5500 or 1120, went out of business, didn't value the company).