I'm in the middle of completing my exams to become a licensed agent.

It starts a sort of friendly dialogue that establishes a connection.

Details of the deal:  6 bed, 2 full, 2 half bath at 3,154 sqft.We are planning on converting into a 2 - 1 bedrooms and 1 -2 bedroom apartments, which will yield a monthly income of 3,454 in rent.Besides dealing with License and inspections for rezoning which is the project for this week, if 3,000 isn't paid to an attorney to handle these affairs, acquiring the funds to complete the rehab will be the next major obstacle.

With our budget and saving plan established I began investing in low cost index funds.

What you're describing is practicing real estate without being licensed. 

A few things I didn’t mention in the original post:- I’m a licensed Realtor and have access to some additional tools and services - background check, zip docs, etc. - my mom, also a realtor, lives close and is “managing” the property while we’re away. - the tenants: long story, but they are the parents of a pregnant neighbor, who is a RE Agent too.

That's doesn't mean it's 100% safe, but it is something to consider.Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

There is no licensing of contractors in the state so that can make it tough to find quality contractors.If you are coming to Houston, come on down! 

Are there any cons or reasons to NOT get my real estate license? 

I am now 61 years old and have about 30 years of construction management experience as well as having a Texas real estate broker license for about 30 years.