Patience and staying well-informed are vital in real estate.

A big one with a ton of information regarding the process of brokerage/law/national law/etc, and a small book of Rules and Regulations directly out of the State Legislature.STUDY THE SMALL BOOK AND UNDERSTAND IT BACKWARD AND FORWARDIf, during the class, they tell you about certain statutes in that book, highlight them and revisit them.

Matthew, Such a great reply and exactly the information I was seeking. 

Feel free to inquire about their staff qualifications if it's a larger organization.2.

Quote from @Steve Wright: Not sure what you mean by claiming what I didn't pay, I paid to improve the property before it was rented.Yes, it seems strange to me if someone purchases a home, improves it, then rents it, that they can't claim the value of the improved property for depreciation, as they paid to improve it.Steve, just like on another thread where you were asking about renting to your family, you are not sharing full information and then are getting upset that we are somehow not reading your mind.

Based on the information in your profile, it seems likely that this is your one rental property although you mention in your profile that you also let out rooms in your own home.Out of your four options I think the worst is No. 4.

In a world of interned arguing, this place is informative and professional. 

The reason you should do this is because any business has an operating agreement and articles of the owner that are all public information.

These are just a few of the questions of the many that come to mind, but feel free to provide any information you feel could help myself and others.

Great information, I image you are trying to buy within metro areas, probably light industrial zoning I would imagine.