@Collette Douglas you're right, the education requirement regulations for a real estate salesperson's license do specify "classroom hours" explicitly.However you don't necessarily need to take them through RIAR (RI Association of Realtors), in case that's inconvenient for some reason.RI Division of Business Regulation maintains an extensive list of all approved licensing companies & courses - just search for "pre-". 

These additional factors will delay the cool-down until they cannot be maintained any longer, eventually finding market equilibrium and plateauing.

I am unsure if the seller was already receiving any royalties, but he would not back down on maintaining the rights, so we never came to a deal. 

Far far below replacement value . this is a big money pit.. that kind of house will cost a ton to maintain and run and keep in good shape.. unless your going to run it as a boarding house thats an idea might work in that regard.. and i got to think about that one.that could be a good HBU for some of these big white elephant houses you see in certain parts of the country.And i knew another guy that was turning these into senior homes.. those that are still able to walk and get out in a fire.. hire a few nurses to be there 24 7.. thats an idea too. 

There are LLC registration jurisdictions like Nevada and Delaware etc. where it’s not expensive or difficult to keep up with the paperwork to maintain the dang thing, but don’t think you’re getting away with anything because it’s really a shell game: when you go to a different state to do business like to own a rental real estate investment there then you have to pay the local jurisdiction their foreign  entity fee which is identical to the local registration fee for an entity which is exclusively registered in that locality.  

I also look out for tenants who are moving because their current land lord "doesn't maintain the building", etc.

It was run down and never maintained except by renter.... they had to paint immediately upon leasing so it wouldn’t make sense to return something prestine that was garbage before.

While people do preach leveraging, it is very easy to get in over your head with this method if you do not use caution.On the flip side, it would be a great feeling to have all investments paid off in full, but the fact is that you miss out on greater profits from money just sitting there dormant.Like everything else in life, it takes balance to maintain success.

Even if you have the best maintained property at the fairst price, there will be a time when the tenant feels misused or neglected.

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