Local banks have financed deals for us before but will only do 20-25 year am, and the debt is not non-recourse. 

@Angela Henderson, they just call it "commercial" since the loan is made to a legal person (the LLC) and not a natural person (you). 

nope, these two actually have the documented ability to make the payments at a reasonable debt-to-income ratio.I'm coming up with ballpark $345k/mo PITI (my homeowner's insurance assumption might not be accurate, I didn't pull the actual property tax bill, and I don't know if there is an HOA so I left it at $0).

@Duane GunklerIt really deals with the debt ratio and that's going to be your main concern I think.  

What is 50k in student loan debt if you are doing well in real estate?

, using your GSI of $50,400/annual ($4,200 X 12) and I used a round 40% for Operating Expenses (includes 10% for Vacancy)..DOES NOT include debt services.

I am a college student, debt free, with 10k in the bank.

You don't need a license at all to invest in real estate no matter what state you live in or the other states you invest in.You should using experienced local professionals in each state you do business in to get the job done right and keep you out of any legal trouble you may be worrying about.A license and all the training and expenses that goes with it is only necessary when you are representing other people as clients.

student loan debt is highest weighted hit when trying to get a loanif money is no object to you, get a house in west u and youll prob preserve your capital

Robert, except for this link (http://www.nolo.com/legal-encyclopedia/connecticut...)