The internal revenue code is often general is nature due to necessity. 

Won't be able to get 30 yr fixed conventional financing like natural persons can. 

"Investing" is passive by nature normally and it takes money / income to do it. 

It's also possible to buy a multifamily building, wait for natural tenant turnover, and then sell.I think the absolute best strategy for a starting investor is to househack a SFR or, more to my liking, a duplex.

I’ve been doing my value add rehabs during natural turnovers and even with existing tenants living there which is tricky but has worked well for me.

I've contacted a few broker groups, but naturally they don't want to disclose specific fees until I've passed the exam.If anyone wouldn't mind sharing some rough numbers, I would greatly appreciate it!

@Neil Aggarwal If I can learn the competitive nature here and use it in my smaller market I’d hope I can learn more here and implement it in a smaller market.

Realize this topic was probably put out there as a teaser, but lets take it to its natural end result. 

Cap rates will likely expand because most institutional investors will want to reduce their exposure to this sector.The Darwinian nature of retail has presented itself once again.

They've almost certainly had the question come up before.Of course, they may be entitled to part of that referral fee too, but that's the nature of the apprenticeship (agent-broker) model unfortunately.