So I dont know much about the rental license stuff so I thought the rental manager will get everything done for me and the house have been rented out for two years and this week he told me to get a rental license and I have a idea now since I read it online but my fears is do i need give all the rental money back for the two years without the rental license?

Billy BarnesBad Wolf Properties LLCA warrior never worries about his fear.

Have an open and honest communication with her about your fears. 

My fears with being a plane flight away are: Finding the right market and property, given I don't know the area as wellTrusting a property management company to look after the day-to-day operations.

For P&L, I'm thinking I would show the full amount coming out of the profit.I want to attempt to account for my personal money (401k loan + credit card debt) that I've lent to "the business" (currently still in my personal name, but we have intents on eventually transferring it to an LLC, once we get over the fears related to a quit claim deed) as a liability as well. 

But I don't want to not get into the market based on fear of something that is uncertain.

Trying to overcome my fears. 

If you are reading this post, have yet to do a deal and are being held back by fear or uncertainty this post is for you. 

Aside from my fear about this plan driving up rates, I think for me, as a buy and hold investor, this is probably a positive tax bill in the end but just by a little.

My biggest fear is to be a walking infomercial complete with eye-roll.