Hi @Timmy Fritz - I'd recommend starting out house hacking and learning the market through exposure and pattern recognition.

Obviously the Marriotts, Hiltons etc of the world have very powerful marketing machines and brand recognition which adds intrinsic value to the property (and they hold manager/franchise to high standards).

However, it qualifies that in the case of a SFR and indicates the number is 65% of “current fair market value” with no recognition that the property will be improved.

It is nice to get some kind of a recognition.

It would not trigger a recognition of gain.However you would not be able to sell a property using a 1031 and pay off another rental.

BTW, they're big on franchising out so if you struggle on your own and think a franchise might be a good way to gain instant recognition, you may want to check them out.Good luck.

Some degrees demonstrate your ability to think objectively, in the abstract, applying theory more than others and such allow greater recognition for that accomplishment. 

My opinion is recognition of a real deal comes first.

If your intent is make residential sales a large part of your business then I would go with a large brand name brokerage that can offer you good training and and instant brand name recognition. 

Personally I think it all began with the "recognition" of the "pysicology" being legimate.