Alongside my studies, I am deeply interested in starting a career in real estate.

Before you know, 3 months of "studying" becomes 1 year, which becomes 3 years, and on and on.  

Be mindful when you do the cost segregation study, the basis will be based on the carryover basis factoring in the deferred gain via 1031 exchange.

Study the market.

Study the market.

Perhaps do a case study.

I will study these two procedures and ensure I know which is being applied.

Not scientific at all, but the overwhelming amount of owners who added PickleBall courts said there was either none or very little increase on ROI for the PickleBall courts.I have STRs with pools, but not in your market.  

The required education must serve a bona fide business purpose of your employer.The education maintains or improves skills needed in your present work.However, even if the education meets one or both of the above tests, it is not qualifying work-related education if it:Is needed to meet the minimum educational requirements of your present trade or business orIs part of a program of study that will qualify you for a new trade or business.You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.