Smart or stupid to become an agent to buy my first investment property myself through self-teaching and books?

Yes, I told the tenant her bf could not move in without paying more rent and filling out a rental application.  

hey @Ondrej Marimarcheck the box for "a" Non Resident alien required to...you can submit the w7 application separably or you can do that when you  submit your first income tax returns.any how feel free to consult

Account Closed I use an "Add A Tenant Addendum" that states the following;Any new tenant must fill out an application and pay the application fee.

Yes, you probably could create a wraparound mortgage containing your existing mortgage within it.You might have to comply with the regulations of the Dodd-Frank Act.

Such expenses can include travel to and from a property, out of pocket costs to make a property to look presentable and any cost to a broker to maintain a license.Since she is considered self-employed - she may be eligible to put a large portion of her earnings towards a retirement account.Since you plan to acquire more properties - you should make sure the depreciation is calculated correctly.

There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."

As we uncover more information about loans, we find that maybe the income doesn't fit (peg 1) and the borrower only has 1 year self employment (peg 2) and maybe they have some credit challenges (peg 3) and on and on. 

My relentless drive to self educate has been going strong ever since.

Subject to income taxes as well as self employment tax.I highly recommend consulting with an accountant.