Cash is what matters.If you do manage the property (most states require you have a real estate license to manage properties you don't personally own) then you would be entitled to the property managers charges.  

Should I get licensed as a beginning investor.

Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

They could lose their license for misrepresentation.

I am a real estate agent (got license just for REI) but I have not had the time to devote to finding properties like I would like while working my current position with my family business.

Hello from a new BP member in Connecticut.I am a licensed CT realtor and investor who has been listening and learning from the podcasts for a while.

Good or bad, MOREC considers it brokering without a license.

You have your re license you're reading books and joined bp.

Personally,I always prefer a licensed electrician who can pull the appropriate permits and get them closed out correctly; remember, electricians are by and large the only trade who can literally burn your house down, and in my home inspections electrical is generally an area that always has deficiencies.

It states he "is getting his license".