I thank you in advance for the expert advice and information and for the time taken to share.Best of profits and success!

They get so focused on buying the deal and never think about the business model of how to run the property as a profitable business along with all the laws and regulations and knowing all the rights afforded to your tenants.

@Tony @Tony F.A TIC (tenancy in common) is where you own a fractional percentage of the property and share in the profits and losses in accordance with your ownership %.  

My team and I are getting ours from a data provider who generates list and data for us with set parameters that we want like absentee or pre-foreclosure.

If you do month-to-month it will definitely take too much time to turn them over and you will lose all of your profits upon turning too many times throughout the year.

Do you have to claim the excess cash as a profit and pay taxes on it even though it’s actually a loan from your cash out refinance? 

Assuming a couple months to renovate, I would be ok with $20k profit.

If interest rates have a big impact on the profitability of the strategy or the next property, profits must be pretty thin. 

I got my license for two reasons.  1) Just as @Jeremy Aldridge it gives insight on the entire process of the real estate transactions.  2) By law, having a license holds you to a higher standard in regards to disclosures you have to make which, if you are a shady business person, will hurt your profits.

For instance, if our imaginary apartment building qualified for 80% LTV financing, but the industrial building only qualified for 70% LTV financing, then the apartment building might be able to generate a higher COC return than the industrial building due to the financing options.