As such, I would not suggest continuing with the FED now that you have accepted payment. 

In order to break into the circle I'd suggest going to a few first and just getting to know those "top dogs".

Could anyone provide some suggestions how much we should pay our agent if we decide not to sell and rent it instead?

I would suggest True Title.

For RE lingo, what are some suggestions you have? 

Profit comes ONLY AFTER you recover all money you put into this from out of your pocket.My suggestion is to not buy rentals...yet. 

I would suggest you look into some of the local country clubs and join as a "social" member, unless you are into golf then go proprietary . 

hey, new to this site, amazing work you are doing here, every time i step in to ask a question i got ton of valueable responses, really great. i have suggestion i think can benefit everybody, having the ability to "star" a message in the forums.many times i read through the forum finding a really good insightful post, which has many things i would like to keep in mind for the future, i would have been great if it was able to mark/star the post and have a page with links to all the posts i previously starred. something to keep in mind..

I would suggest concentrating on investing first and once you have done a feal deals then work on getting licensed.

Don't get me wrong, I'm not suggesting you interrupt these people and waste their time with idle chit chat.