I am studying for the test now.Thanks for your help.Rob

I love this site too.I agree the house hack with quadplex is a great way to start.Don't over extend yourself financially and/or hours per week.Buy smart in a way that numbers really make sense, even in a worst case scenario(known as a stress test), you will do good at any point in the economic cycle.

.- Keep at least two bottles of water in your vehicle.

Hi @Melody Kushi I usually suggest a cost of $600-800 to have load test, pump out etc since the home has been vacant.

However, I want to test out the waters for Airbnb and possibly rent it out yearly if the numbers are right. 

For the lessee, much like a car lease, you get to test the house to see if you want it to be your "forever home", it's an easy path to home ownership without feeling like it would take years to save up for a down payment, you can avoid real estate agents (no offense, but wouldn't you avoid the car salesman too if we could?!)

The personal purchase and transfer to LLC is a tested method that works. 

Here you have to apply before you are allowed to sit for the state test.

Might be worth taking the brokerage test if you have had your sales associate license for two years

For rentals you should stress test the numbers and based your projections on a market contraction.Multi Family doesn't have the same risk as single family when the market contracts.