As an agent, you will need to not only pay for the cost of your pre-licensing course, but will also need to pay to join the National and local realtor associations, MLS dues, lockbox fees, meeting continuing education requirements (generally 40 hour CE credits required every 2 years) signs, marketing, business cards, lead generation, CRM, and other technology required to run your business. 

This is my 7th day :)I analyzed a deal in college town (Urbana, IL), and assume a reasonable rent, and it passed 1% rule.Based on the asking price, I estimated it will generate a positive annual cash-on-cash return, assuming 20% downpayment.

If you improved (upgrade) the units could you generate another $50, $75 or $100 per month?

That is a good thing, because equity participation in the profits of a flip - which is a trade or business - would generate UBTI if the activity is conducted with any regularity. 

You need an employment center near the property to ensure it is going to generate tenants.

The goal is to invest in as many properties as possible to build a portfolio to generate cash flows into the future (I realize I'm preaching to the choir here). 

The goal is to invest in as many properties as possible to build a portfolio to generate cash flows into the future (I realize I'm preaching to the choir here).

The lenders I work with can do less than $50K but they may ask if the property is generating income.

Not a lot of sales to generate good ARV comps in this area I expect.

Understanding any and every way they can generate income from you or your tenants is the most important scope.