I'll be taking the state exam in about a week.Today was the start of my journey to find a broker I feel would be a good fit for the goals I have set for myself.

You then should examine the market rents for similar properties to be certain they are "under-rented," and determine what upgrades, if any, would be required to get the higher rents. 

I have no doubt that this may have been a bit nerve-racking for you if this is one of the first properties that you’re putting under contract to purchase.

I, of course, went out to Memphis and examined their operation before I invested. 

Agree with @Carl Fischer that you should engage a tax CPA or EA to examine your unique facts and circumstances...However the distinction between who owns the roof is important and determines tax treatment. 

I'm expecting to test for my FL's license exam in Spring and been wondering about the benefits and if I should really be pursuing this. 

Hi BP,So i just passed my school and state exam in long island,The reason i did this was to become an agent so when i do flips i have access to MLS and i can use the buyers commission as the flipper to pay buyers commission when home is being sold.Im trying to figure out what type of broker i should join, most of the big brokers focus on sales agent pitch too much, the only thing im trying to figure out as an agent is what type of docs i should be looking at when im closing my own purchases or could a lawyer take care of all that at closing.ThanksKhan

Examining water bill/ scavenger. 

Neither my clients nor the other agents know about this at that point, my guys are already stressing out with the deal, are in the middle of packing and have been hanging on by the skin of their teeth (home sale contingency...) during a nerve wrecking six weeks.

@Rob Monforto excuse typos caused by nerves :)