The ups and downs can really create and exciting real-estate environment that might not be happening even 50 miles down the road!  

For agents that have been in the game for a while, what are some challenges you faced as a new agent?

Like you I am a bit surprised that more directed branding (in order to gain recognition and build following/credibility) is not prevalent in REI.I was thinking of doing branding that would provide some context to the type of environment you'll find behind the door of a rental.For example, I was thinking of doing a TechHaus rental (3-4 bdr) in which I would cater to working professionals in the tech industry - with features such as whiteboard walls, connected home, and work stations. 

As you said, minimum credit scores dropping under 600 are definitely a warning sign.However, the lending environment is still much more conservative than it was during the bubble, and I believe that will act as a deterrent to a total crash.  

Finding a decent cap rate in south florida is not easy unless it's in a challenged area.

The cap rate is one thing but remember sometimes a higher cap rate is found in an area where you have a more challenging tenant pool, that is fine if you want to deal with it but I don't want to deal with it.   

Edwin I would look at your numbers closely and challenge yourself as to your projections.Low income is hard to push rents up.Let's say 450 a door times 14 doors = 6,300 a month or 75,600 a year gross.Is landlord paid water customary for the area?

Remember our current interest rate environment is artificial and potentially unsustainable.  

I'd love to create an environment of like minded people where we can share our ideas and challenges that we face.

It is a very challenging business to be in.