The mortgage for the new house won't be an issue by itself but I don't want it hindering my plans to buy and hold real estate investments.My questions lie in how to best utilize the $35k.

Not everyone NEEDs to be an agent, but it definitely has it's advantages 

I don't know your market but in Rochester, NY this would be an exceptional return for a B neighborhood. 

take them out to coffee and pick their brain!  

Justin State Bank is supposed to be an investor bank here in Texas.

Saratoga is pretty prime, so if you're  cash positive, I personally wouldn't want to sell what will be an appreciating blue chip asset long term. 

Maybe grab a cup of coffee with them.

I also have a contact @ Mars bank, who happens to be an investor and on BP, he's been great help.As for utilities , if the reo clearly states as-is and or no utilities will be turned on, then it's up to you, and your inspection is purely for your benefit.

My thought was that since they are not selling and certain categories and areas are tough even in hot markets this may be an opportunity to exploit.

Hello - does anyone know if you can be an off-state resident (with no RE license) and take the RE license test and be licensed to operate in AZ?