You go to contract with the owner for X then you go to contract with the buyer for X +, so YES two contracts.  

Because of the 750-hour requirement, it’s unlikely that you’ll be able to qualify as a real estate professional if you own only one or two properties (unless one of them is undergoing significant renovations).

I remember starting out years ago in the military so even making a marginal, positive impact would be rewarding.After two weeks in searching, there is three houses I am drawn to.

The best way to get those two close is by inspecting regularly. 

That was enough for me to pass the exam (it was four years ago but I passed the broker test two years ago).I don't think what I did is inconsistent with what you did. 

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hey Casey, I just found a portfolio of two fourplexes on the east side of town.

Probably good to have one or two of these started early rather than later since the the premium will increase as you age due to health/age.

With no experience in this area I've been considering partnering with one of the following coaching/mentoring groups (Flip System or Flip Cheap Houses) does anyone have experience with these two? 

One of my clients did a rehab on a two-unit building in Bridgeport that appraised for $100k over within in a year.