At the age of 24 I personally own over 1.2 mil in single family homes in Saint Louis, MO then lost over 400k in real estate do to the crash in 2008.

The next huge crash between 2022 and 2028 will be much worse than the 2008 crash. 

I suspect he will lose between rent .. and having to rehab it for real again 5 to 10k right out of the shoot. and to make the statement glad I had reserves. .well anyone buying a rental without substantial reserves is just a crash and burn waiting to happen especially in low end areas like this.There is a reason most TK companies of high repute refuse to work in these areas anymore.. 

Before the crash of 2008 there were over 1 million licensed agents who averaged 2 sales/year.

I see a lot of talk about  the new crash coming.  

If you wait for that time you will never arrive at anything. 

As for exam studying, RE trainers out of Anaheim has a 2-day exam crash course scheduled for the weekend of Oct 8-9 in Santa Clara.

If a seller doesn't like my offer or asks me how I arrived at my number it's very easy for me to show them as I have a specific method to calculate my max offer price.

When lending stopped, then, it all came crashing down, which was just the beginning of the crash.

If values crash and you're stuck with a property that's worth less than what you paid, forcing you to hold for longer than you had planned, you'll be glad for that fixed rate loan.