@Kay Kay Singh Nothing major, as I'm not looking to get into that type of rehab just yet.

I understand one way is utilizing depreciation to lower my active income's taxes, but when are people pulling out salaries to utilize in their non real estate life.  

Over and beyond that, you do have to take 8 hours of continuing education each year (two 4 hour classes).Once licensed, if you plan on activating your license you'll have to work under a BIC (broker- in-charge), which means you'll need to affiliate with a brokerage, as many others on this thread have eluded to.

When I mentioned the problems to one of my tenants, he mentioned that his dad who's a RE investor avoids properties over 25 years for this reason.Now it was nothing major, just that I would get a complaint about this, when I got it fixed, get a complaint about the next one.

If I were a resident I would like the somewhat isolated location of the town but it seems far from many major employers, that is unless your tenant works at one of the many warehouses nearby. 

@Justin Seng The majority of deals I've worked out for my clients have been non-REO.

I am a recent University grad with a degree in Finance, Real Estate, and Law (1 Major).

These are the 25 people that will have first dibs on the deals we get in the pipeline.I love the concept and believe that it will be a well oiled machine after this first major deal..

He has a problem with (2) of the owners not selling their interest and they still live there and he owns the majority.  

If the majority  interest holder is WVU, I may be able to help with contacts.