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.

And it is 200 dollers a month posiive cash flow after mortgage insurance taxes and management fee.Where do i go from here? 

First off, some of those will eventually rent for LESS than asking price.

The coverage cost has increased dramatically in the past few years.Alabama has the second lowest property taxes in the nation behind Hawaii.

Should I immediately write-off houses that past the 100 year mark?

Fees should be clearly stated in writing, easy to understand, and justifiable.

Just from a credit, income, and experience standpoint, two years in college will teach you a lot about the local market and you will be able to understand who lives off-campus and why.

Off the top of my head I can name 20+ tasks I know the costs of.

Total hands off is over $120k.  

But I’ve come to realize in order to maximize the tax benefits and long-term earnings.