You stated previously that you'd be charging a "commission," which would be practicing real estate without a license....a felony.

I personally would do the previous, because I'm looking to create some net worth.

I live in a college town, too.

Should I go after college students that specialize in each trade?

This month we have a self-storage expert as our guest speaker....and tonight we are hosting Bigger Pocket's own Brandon Turner out our Kitsap Satellite meeting....if you can make it let me know and I will get you a guest pass.

I will be making some additional payments this year.The loan I described above was a personal loan, but I purchased the property through an LLC (I'm in State College, PA).

We always asked for the application to list ten years of previous addresses but when the checks are complete we pretty much know everywhere they have lived since they turned 18.Also, always, talk to the former landlords and ask the applicant to provide proof they actually paid that landlord - cancelled check, money order receipt, cash receipt from the landlord, etc.

I had 2 arrangements a few years back with myself and 2 other partners.In 1999, Partner A (Mom), Partner B (Dad) and Partner C (Me), purchased a condo while I was in college as an investment (let my friends pay the mortgage, that's what good friends do).

I actually ran into the previous owner this weekend and asked him about the holes.

I took 90 hours of education over the course of 4 months as a college elective and now i'm taking appraiser, financial planning courses and plan to get my broker's license in 3 years due to the experience requirement in Arizona.If your state has higher real estate license requirements I recommend going that way as an agent should know the basics of all real estate aspects.As an agent you can also have the foundation to earn a Certified Commercial Investment Member certificate.