All I can say is get yourself educated to that extent as if u are the asset manager before committing a dime.

I have a day job and I feel that is too big of a project to commit to on a part time basis.

PLUS, the lost opportunity to get my capital out and get another deal, perhaps one of the foreclosures many people are expecting to be more prevalent in 2021.  

Daily commitment- great advice.

You have a big time commitment to learn for the test but that isn’t actually the work of being an agent, you have to fill out a ton of forms to close a transaction and understand how the industry works.

You will get accommodations for up to 30 years and a $1 million dollar fine for committing mortgage fraud.

It does not state explicitly what you are saying, but it says if buyer is unable to obtain a commitment for a reason not of their own doing, i.e. the property does not appraise, they can get out of the contract.

We increased EMD a couple times and provided the seller with evidence of the situation to show that we're committed and communicate that they'd likely run into the same problem with any other buyer unless they had cash offers. 

Additionally, you have to sign a document stating you will be moving in and if you do so with no intention of moving in then you have committed fraud.

If you hunker down into a specific community or area and commit to getting to know everything about the area, the sales activity, the rental comps, the time on market, the floorplan options (walk each one as they come on the market to get familiar with the flow of floorplans, and popularity of them based on time on market), it will make you a smarter investor so that when a property comes up within "your" community, you may have a leg up on an investor who is just doing broad strokes ARV estimating.