I would say my practice is very similar to yours, albeit not quite as complicated.

Getting your real estate license (assuming just a salesperson and not knowing your state law) is a complicated question.For starters as only a salesperson most states require you to work under a brokerage. to gain any of the benefits of the license.

How do you decide how much rent to charge and it is very complicated to get started doing this?

What complications if any do you have to look for when buying a home that has had all utilities shut off?

@Kerry BairdThank you for taking the time to write all that.....Yes there are differences, but a lot of it it typical American complication for the sake of it, and terms that don’t immediately mean the same in English !

@John Warren i agree wholeselling is far more complicated and a tougher road but i teresting none the less .

This indicates that you have an interest in a partnership or LLC.Your taxes does get complicated as now you will receive "K-1's" from these syndications.

@Ashish Acharya is correct in what he said.Interest income is considered portfolio; not passive.Taxation of performing notes and non-performing notes can differ with taxation of non-performing notes being more complicated.The complications come into practice when terms of the non-performing notes are changed/revised.

Therefore they have become JV partners, after being involved for a few months a couple of them have told me that this business is way too complicated and time-consuming, therefore just keep them periodically updated and let them know when we make some money, LOL.Case in Point.  

That sounds very complicated, and time consuming to go through after many years.