(per 2 CPAs)(Yes "we" can) thus taking a substantial hit on the profit vs. the normal "earned income tax" like I originally thought.Would it make sense to have the LLC file under an S-Corp in 2015 in preparation of selling 2 houses, pay myself 1/3 profit as salary, then the other 2/3s would stay in company/ and eventually be paid as dividends thus saving from self-employment tax/ Newere Obama Tax and possibly if held for over 1yr tax drops to 15%?

Prices aren't dropping, but houses are staying on the market a little longer.

They should all drop their prices drastically to lure me in.Rachelle- I am an out of state investor working in KC. 

This morning when Sunbelt rentals opens, I went by to drop it off,,,,I went in, ask to have someone help me,,,they said in a minute,  I waited, then went in and ask again, same answer.  

You might be able to dump it if you drop it down to $15K.Joe Gore

Hell, it's worth it for the MLS access alone.I personally think having a license is a valuable tool for your investing, as you said just for the MLS access alone.To the question about the unlicensed activity I don't really think that having a license helps with any of that unless someone says "Hey you need a license to do that" and you say "But I do" and they drop it.If the dig and you use the "I have a license" as a defense I think you are in MUCH worse shape!  

Honestly, being a California boy, I didn't even think about the temperature.

@Ibrahim Hughes check out www.animoto.com for slideshows that you just drop your pictures into and pick a theme and music and it's done. 

So to get it rent worthy I would need to drop about $15,000.

They are not going to volunteer all these relationships to you, nor will these people treat you like the experienced investor, but if they know you have experience from working under that investor there is a chance they will be more open to having a relationship with you based upon the experience of the other investor.Hope that helps...PS The best thing about a mentor in your local market is a great mentor will know the market well enough to know a deal without having to use guess work, they typically understand the little differences in neighborhood that might cause a radical drop in house values of homes that might look like deals, but are really "Money Pits".