Look up rental comps in your area of course. 

REmember, the licensure course doesn't tell you anyhting about being an agent, how to get leads (thats pure sales), how to conduct a transaction, how to save the deal, etc. 

If you can buy and rehab a property every 6 months for 7 years and the average value after rehab is $75k you will have 14 properties with a total value of $1,050,000 but of course 75% of that value will be loans and only about $250-300k in equity. 

I switched majors and started studying finance after being accepted back into school and started reading about financial literacy which of course led me to real estate.

Having separate checking accounts (and credit cards) specifically for the rental properties might help the most as far as expense organization (and tax) accountability.

What is a historic tax credit?

Hi Michael - I live in North Myrtle Beach now in an area called Barefoot Resort.  25 years ago, one individual, who happened to own a small, 7 shop strip mall on the beach-side of the intercoastal waterway known as Barefoot Shoppes, crossed the waterway to acquire 2600 acres of, well, nothing.He brought in Dye, Norman, Fazio, and Love to build four golf courses, and we now have 4000 residences between single-family homes, typical 3-level multi-family, and three towers overlooking the waterway.  

(assuming HOA allows of course). 

Now if you have a health care company paying the credit part is no longer an issue and they do background checks on all employees.

For the guest it is easy- no need to fill out an application, pay for a credit check.