Step 0.

Hello Ana,I'm Brandon from RE/MAX in Huntington Beach,CA and we're together in the same boat.I got my license in June and have taken all the basic sales training the brokerage offers but,it's truly a struggle to get started in this business saturated by both new and long time experienced money making agents.I felt the same way about feeling unprepared and still do to a certain extent but,I am working through my jitters with the help of experienced mentors.I got my first listing from a family friend who had a friend with a house that needed remodeling and repairs.I was in no way ready to handle a transaction alone so my mentor took me by the hand and lead me through every step of the way with an ease an confidence to her that she developed over time and many sales.We sold it on the MLS and had 20 offers from investors and let me tell you it was exciting to be part of it.

Don't skip this step, as it is critical for banking, obtaining loans, and for defining the terms under which you and your partner dissolve in the case of a disagreement. 

If you work with them, they might let you step into the debtor's shoes at the reduced balance.They get a better debtor (hey, that rhymes!)

Somehow, my cousin is convinced that if something worse were to happen to his parents (they are 90 and 88 yrs old with increasingly challenging health issues), and they would to be cared for in a nursing home, that the state of NJ would step in and claim all the assets to "pay" for their care.  

My main motivations for getting my license is learning laws relating to Real Estate, access to MLS, access to properties without needing to wait for or bother an agent, the training I would receive for contract writing.. also steps preparing for closing etc.

I enjoy it but want to take my first steps.

The value to be depreciated is what it cost you in total to purchase the asset initially.

Which is maybe 10-15 steps to the parking area.I know other multi units will supply a shovel ( that is returned at end of lease) and one bag of salt per season.

Since then I was very fortunate to repeat the steps and generated enough money form the houses to pay for my loan on the 2016 Porsche Panamera and btw the income form the rent I got from the houses are paying for it monthly i don't have spent any of my earned income on the car.