My partner is a licensed real estate agent.

Im also looking forward to getting my real estate license at the end of this month while I finish out my two years of service with the army.

My wife is a busy realtor in DFW, so I got my license to help her.  

Debating on getting my real estate license this winter as a motivation to push my self into the real estate field.

https://www.dos.ny.gov/forms/licensing/1736-a.pdf"...seller's agent has, without limitation, the following fiduciary duties to the seller:reasonable careundivided loyaltyconfidentialityfull disclosureobedienceand duty to account."

You have to take into consideration the amount of repairs that will be needed, finding a reputable contractor, and keeping your fingers crossed that the house is not vandalized before you can get a tenant in the home, etc.   

Also a note not serviced by a licensed servicer would be extremely difficult to sell if you ever wanted to sell it.

SO, i currently work for a hard money lender here in NJ also i have gotten my Real estate license.

I am in the same boat with my contractor.

They used an architect to help develop the custom home, then sub-contracted the work over 9-12 months.Neither of us are contractors but we're very excited about real estate and are here to learn.