I also have a break lease clause that define the terms to break the lease* Is there a software available that is a "must have" for portfolio management?

@Jorge Rico - yeah Sunnyside is definately a C/D area but I see plenty of duplexes in that area and I see the same property holders (landlords) holding on to them for years.

The more you clearly define up front in terms of how you will compensate each other prevents blow-ups later. 

Danny Johnson a successful BP member and real estate investor, in his blog article, defines a warzone as areas where gangs, prostitutes, drug dealers, etc. are out of control (or in control – however you want to look at it).Respectfully, I think you are making a sweeping generalization saying anything in Indianapolis all in for less than $35k is in a war zone.  

@John Horner It's a list of every property within 6 cities that contain a defined equity% and property value.

With an s-corp  mgt co, I can establish or fund a defined benefit plan up to $30k/yr to defer the tax bite.  

Even though they have not bought real estate they have made money in other ways ( stocks, owning businesses etc. )Some have 1 million and others have 50 million to start.So define what you have today and where you want to go.

I will definitely start doing my research now that I have defined what type of property I am interested in.have a good one!

That's why most agents are required to obtain and carry errors and omissions insurance.As for the first question, I think it comes down to defining what a broker is and what an agent is.

Define your goals and criteria first.