I recently read an article about institutional ownership of SFHs and it mentioned American Homes 4 Rent as well.

There are obviously costs involved with obtaining and maintaining a license to consider as well, but one successful transaction could easily cover your expenses for the year.Your upfront costs would be:- Classes / materials to cover the education requirement- Testing and finger-printing fees (for the actual licensing exam and background check)**You will need to be sponsored by a broker in order to have an active salesperson license, so you'll need to figure out this piece as wellYour ongoing costs will include:- NAR (National Association of Realtors) dues- TAR (Texas Association of Realtors) dues- HAR (Houston Association of Realtors) dues- MLS access fees (assessed quarterly)Again, most of the answer(s) to your question really depend on what type of investing you're looking to do.

Welcome to BP Nation Andrew, great to have you on board.

Welcome to BP Nation. make sure part of your plan includes staying active on the site!

Liza have you looked up the National Association of Home Builders website??

You might define what type of notes, institutional, privately originated obligations, out of state or local transactions and your intent of holding or flipping them as you will have different requirements for each of these aspects.

It's widely known that institutional investors (renters) are having a major impact on this segment right now.

Welcome to BP Nation, plenty of rehabbers to network with and learn from on this site.Welcome aboard.

There are several institutional investors in my area (and other areas I'm familiar with) who are trying to pick up between 20-200 houses/month, and they're bidding up anything on the MLS to prices that don't make sense.

Would like to do more, just waiting for more foreclosures to hit the market, but will probably do more with FSBO as the big institutions are not hitting them and people still have the same issues whether REO or FSBO.