A guru seminar can cost you a couple of grand, those books cost me like 30 bucks and a trip to the library.  

Ultimately, we thought it was worth the risk, because worst case we're out a few grand, best case, we get property worth 6 figures, and most likely case, we pick up double digit returns for almost no work.

You sell it at his desired sales price of 420k, at a 2.5% commission rate, minus the brokers fees and you'll clear enough to cover the cost of your license, pocket a couple grand, and you've broken into RE.  

You likely have a couple grand in turnover expenses etc.Best to wait until the spring before dealing with all of that.

Also don't forget to add a grand or two on top of what you want to make for the "negotiating" portion.

Getting you RE license wouldn't hurt, it would however take a year or so and cost around a grand.

She thought she was so smart because they saved 12 grand in commissions.  

I can probably put 3 grand into it to get it rental ready.My question is, I know subject to deals can be tricky.

I had 5 different banks with this type of facility all 7 figures to mid 7 figures.. .life was grand

I find it hard to understand how a 2/2 for 50 grand would not produce a solid CoC return if my family members are paying far higher rents in the same complex.