I am brand new to the whole idea of buying, selling, renting, flipping, and any other fun you can have with real estate to make some extra income on the side.  

We add this as an extra fee on top of our base price, so it wouldn't appear in this sheet (or it would appear under both expenses and income).3.  

Since I was in Texas and planned on staying there I wanted to find out if I was qualified to take a test for a broker license so I got a license without taking anything extra.  

Also, eRentpayment.com accepts rent payments from tenants AND for no extra charge will submit each payemnt to the credit bureau to help build tenant's credit ratings.

It does get more and more difficult. I

Excited to take that extra cash and invest in some more properties!

In addition to education and tests, the broker's license requires a minimum of 2 years full time experience ... hmmmm, I wonder why, well, I'll tell you, it's because you don't know what your are doing for at least that period of time and can get yourself in trouble, maybe longer, maybe never.As a broker myself, with no agents at this time, I understand the difficulties. 

The comps are out there to support coming close to the ARV that you are advertising if you look at just the lot size and square foot of the home, but all of those homes are superior in that they're newer construction with end-buyer-desired floor plans, have barns or extra garages, and some are even water front.  

And yes, I hear what you're saying about the difficulty of finding cash-flowing fourplexes in LA.  

I imagine he will have difficulty evicting you and your brother and that might be a really good bargining position for you to be in.