An active practicing licensee can switch to inactive status by filing a change application with the Commission.

Many thanks in advance for any thoughts, ideas or practices that have worked in the past.

:Real Estate Finance Theory and Practice (I have the 3rd edition) Clauretie, Terrence M.Real estate investment strategy - Seldin, MauryReal estate investor's deskbook - Arnold, Alvin L (one of my favorites, very technical)Sensible finance techniques for Real Estate - Reed, John TSuccessful real estate investing in a Boom or Bust Market - Loftis, Larry BThe Complete Guide to Real Estate Finance for Investment Properties - Burges, SteveHope that helps.

If it's your first time trying it, or if your contractor isn't familiar with them, do yourself a favor and keep some of the old cabinets and drawers from the rehab so you can practice first.Drawers:https://www.amazon.com/d/Cabinet-Drawer-Slides/Rok-Hardware-Drawers-Adapter-Retrofit/B00JJYIVHMCabinets:https://www.amazon.com/Silentia-Soft-Close-Hinges-Frame-Overlay/dp/B001N33136

@Andrew Junquet It is definitely best practice to have everything in writing. 

. $275 is more than reasonable fee for the package of documents that you have to review before purchasing and it's standard practice.

Anything left in the unit is considered abandoned and can be put in the trashThere any number of lawyers whose entire practice (just kidding) is evicting tenants across multiple municipalities so let us know where the property is and I'm sure we can dig up a referral if you need one.Oren

It's common practice for sponsors to use a 10 basis point increase per year in the exit cap rate from the market cap rates at the time of acquisition (i.e. +50 bps after five years, +100 bps after ten years, etc. as in your text above). 

Flood owner's insurance is practically  a business in itself, there is a great video by Jon Oliver on last week tonight detailing how this works, I highly recommend it. 

Also, for me, the calculators are extremely useful not only for finding out if a property will work but also just practice.