You need to know the rules of the game you are going to be playing so you dont get sued.  

Having guardrails against the hubris is arguably noble, but the freedom versus safety infinite game can easily be framed in a manner to make the pursuit of safety the villain instead of the other way around.

All, I am new to the game, have one rental property thus far. 

Maybe getting your license will expose you to others who are also new, and looking to get into the game?

There are a lot more older homes that could use updating, which would allow you to use your construction skills and enter the real estate game.

As long as all involved know the rules of the game and play accordingly. :-) 

In my opinion, I think it's important to devise a game plan that works for you and your family's goals in real estate. 

After the game, we went to her rental apartment which, while her apartment is really nice, is in a building that is clean but has a very 1960s feel to it... it's really dated for the wealthy area it's in.Once we were inside her apartment, I told her, "Here's what you are going to do.

I don't use a column for Balance because I don't care what my balance is.Then, all you need to do is send your Excel file to your CPA and if he is worth half his weight in salt he Exports your data to to his Quickbooks.That is all the small operator needs and it will stand the test of time for many years.I used Quicken when the first PC's were invented.

With a LO you get a tenant with skin in the game ($9k option consideration in my case)  and a commission-free sale with no vacancy.