Back in May I enrolled to get my real estate agent license and I feel like it will be a benefit to my company.  

. #1 make sure you have a deal worth having #2 market the deal to REIA's and other places until you find a interested buyer.even if you dont find one for that property in 6months(and the contract falls through after 6 months) you would have gained a lot of knowledge and connections that could help further your goals and career in the business.

You'll also benefit from tax advantages, potential appreciation, and principle paydown.

We ended up losing one investor but gained a new one.

You can't ask the lender to take a loss in a short sale, so that the original owner gets the benefit of "repurchasing" their own short sale later down the road at current market value.

.- I have stayed away from homes that have fire damagePlease let me know what issues you see the most profit to be gained from and the ones that you just don't want to handle.

I am literally in the same exact situation as you have previously described (Gf's a nurse, interested in the concept, doesn't deal well with information overload or advanced math/numbers, but truly is starting to understand the benefits of passive income, etc)If you wouldn't mind keeping me in the loop and letting me know what you decide to do it would be much appreciated upon my behalf.

The trailer tenants are really not paying much, so to us it's not really a benefit to have them as we'd like to take control of all the land sooner rather than later. 

So you get a double benefit!  

Originally, I was thinking we'd buy a rental property to live in for the year (which would get us the owner-occupied benefits), then rent it out to long term renters and move back to our current house.