a small minority get rich in real estate through pure tenacity and luck, vast majority that are able to 'make it big' already has strong foundations (i.e. capital).If you're already gotten as far as med school, the smart thing is to finish it, get a real job, then use the high income to leverage low interest debts for investment.Jumping ship this late in the career game from a high trajectory track to something like real estate with no experience or other foundation is a calamity in the making.

The major issued are: It needs leveling (block and beam) It looks like it pretty easy to level, and the beams underneath look pretty good, no termite damage.

I am a retired financial planner and have also sold insurance . you will find that the vast majority of "financial Planners" make their living selling investments and insurance and relatively few do fee based planning for a living.

Do make sure you keep enough in reserves should a major repair come up.

This can be applied to any discipline be in real estate sales, property management, whatever.To answer your question- financial sales prepared me to effectively consult individuals regarding major financial decisions and helping them make those decisions.

However in my area the multiple list does not list the majority of rentals.

A system of either internal audit (frowned upon but legal) or a contract with a qualified third party audit firm to audit the successes and failures of your compliance management system.Achieving this is not difficult nor does it have to be expensive in relation to the size of your operation, but to operate without it opens one up to major fines and prison sentences.

Welcome, it would be more productive, if more parents started their children out in real estate or construction at early age versus the common theme sports Just my opinion FYI -> I'm guilt of the sports theme also

But really if all you do is make sure you answer your phone or call someone back within an hour 100% of the time you'll be superior than the majority of your competition.

I would try to sell it if you can recoup your original cost if possible. otherwise you will be losing money and spending time on dealing with tenants on a rental with dubious results when you could be free of that burden (are you expecting major appreciation in the area?