Fortunately, I have excellent credit, but I’ve been an independent contractor for the past 6 years, so I worry about qualifying for a mortgage.

If you don't first purchase the property, and you receive any amount over the mortgage for selling the property, you have acted as an agent for the seller, which you need to have a real estate broker license for. 

Buying in Nevada, scheduled to close Wednesday, already received a clear to close. 

I can't remember all of them but there was a garage that needed to be painted and repaired, an antenna on the chimney that had to go, a porch that needed repair, etc.Inspector said that all this had to be repaired or he would continue to receive fines. 

They are sky high AND I just received a stupid high reassessment from the county for my rental property there.

Very simple.Then I heard I may need to apply for a local business license through the city I live in, just because I'm receiving money ?

If you haven't checked them out yet, the BP Podcast is excellent.

Play with the PMT function and other formulas in excel for awhile and you will see why this makes such a difference.

High Vacancy rates and the cost of turnover is not worth the minimum income you may or may not receive.  

I've attached my own excel sheet I made as i couldn't find an existing one so I apologize if it's not in the best format.