Is there any reason that being a licensed agent would work against me in my plans to buy and hold multifamily properties?

I don't recommend people to start from NYC as the prices are too high over here that's the main reason I don't invest here but 1 and half hour away drive from NYC.

The legal threat could help or hurt depending on the reason she is backing out. 

@Matthew Barnauskas, is there a reason that you are looking to do these as a portfolio type of loan?  

If the only reason you are avoiding a stackable is maintenance- install one.

Most of your reasonably desirable residential real estate is here, so you compete with a lot of would-be homeowners.

The only thing about a crashed market is that it may make it more likely to find such a deal, so in actuality it may very well take until that happens for a newbie to find one, but that doesn't mean you shouldn't look for a great deal because that hasn't happened yet, and it doesn't mean that you shouldn't invest if you find one of those before a crash happens, it just means that you should NOT buy anything at any time that is NOT a great deal, or buy anything (great deal or not) that you can't realistically afford to hold through a downturn under some reasonably bad analysis stress tests.

Again, this might end up not being a bad thing for you -- it stands to reason that the higher the bar to entry, the fewer players there are.What I would do is call a lawyer in your area who loudly and proudly announced on his website that he deals with foreclosures and ask him where you should start learning about the foreclosure process in Worcester County.New Hampshire's even more interesting.

Custodial fees are usually pretty reasonable if you have checkbook control, but those have to be considered as well. 

I don't think its an unreasonably request for the seller to ask for proof, if your reason for cancellation was due to the inspection.