Instead, ready "Richest Man in Babylon" and "How I Turned $1,000 into a Million in Real Estate in My Spare Time" (the original version by William Nickerson), and begin putting together a definite conservative plan to build a real estate investment business with low risk of having to declare bankruptcy.  

.- I have to work under a broker for 2 years before I can apply for my brokers license in state of FL- I have to split my commission profit with broker and all funds/payments must be made out directly to the broker- the percentage commission I negotiate with property owners is my decisionDetermine best path to form Vacation Rental Property Management company being aware of my new status a sales associate- can I start my own business entity to establish and brand my VR management company now, or would/should I just wait the 2 years, get brokers license and then do so.

Congratulations on your path to invest in MF.  

Thanks for the welcomes and I will definitely try to make it to the meeting!

I read a lot of books and threads regarding the importance of Due Dilligence for the apartment buildings.After the proptery is under contact,I will definitely do the detail due dilligence in person and with propterty manager or contractor.But still I have the concern that before I put the proptery under contract,if I am in long distance or out of state,how could I do the due dilligence to do the pre-acqucition analysis (repostition chance,how much value can de added)?

By the time you realized it, you have mastered all trades of real estate.We, as human, tend to take the path of least resistance.

I did an initial walk through of the vacant unit and on the surface, it definitely needs to be updated.

Yes, I can see how establishing a relationship beforehand would definitely make a Realtor want to occasional run comps for me on FSBOs.

That would imply you have a definition of expert that you feel that I do not fit.

@J Scott, I agree that Excel is definitely not the choice for such operations.