There are a few pros to getting your license including but not limited to:Access to the MLSBeing able to see properties quickly, without needing your agent to tag alongSaving half the commission on the sell side of your dealBut there is the additional costs of continuing education and splits or fees you may pay to hang your license with a brokerage.

Side note: I just saw an interesting fact that stated property values go up $10,000 when a coffee shop moves in within a mile of the property.

I would say anything within 1/2 mile is probably a good general rule, but of course each campus has it's area where the students live and that could be along a bus line - who knows.LOL.

It's usually half the net income of $1800.

The only time I make offers over the phone is if the property is more than “X” miles away.

You don't want to go half in and then not give it your all and fail then have that scare you away from investing. 

I got a house with a 1986 Plymouth Reliant that only had 50k miles or so, but had sat for a good 10 years.

It has two 2 bedroom units upstairs, and then the walkout basement currently has another 2 bedroom unit it half.

Or can we gift him half or a portion this year and then sell it next year under Sec 1031, so We can say We are still a co-owners? 

The city of Austin, in particular, lost almost half a month of inventory from July 2017 to July 2018.