Hello BP Community,    I'm getting closer to leaving my day job to pursue Real Estate full time.

Almost all had another full time job found a niche and want to manage their own schedule.If you think you want to try it getting a realtor license could be your first step understand the laws and tools.

I have a full list of contractors who do all my work, a handyman in town, and we do much of our own work (and we enjoy it). 

That doesn't mean you shouldn't do it, but you have to do it with a full understanding of those effects, particularly how they impact your risk profile and the flexibility you have for dealing with the unexpected.

Keep in mind, this is 2 full sized duplexes on one lot.Owner evicted previous tenants as they were giving her major hassles, plus she lives out of state and didn't have someone nearby she could trust to take care of business.

My reply is always "sorry, I'm full!"

And if I decide not to sell the property after 30 years, I would still enjoy significant positive cash flow (due to the full debt repayment), and owe a property with 100% equity in it.So, I know that a vast majority of you guys preach the importance of cash flow, and I’m not trying to convince anyone of the opposite (I’m just a beginner trying to truly understand things).

Since I'm still dependent on my W-2 income, I'd like to start Part Time as a Listing Agent, meeting customers in the afternoons and on weekends (as well as hosting open houses), until I get a few wins under me - then I can go full time.

So you better have various insurance companies there to fight the claim so you don't have to hire your own lawyer.10) If you are mortgaged on the property, your lender will require hazard and liability on the property itself.11)  How many more rentals do you plan to get, as that will figure into the equation and how quickly?

Given that the bank has not given out the full value of the loan yet given the 7 year time frame.