Also, how difficult was obtaining the designation?

Depending on the marketing company, they may also require a secretary of state certificate and/or the operating agreement of the LLC as well.

I recently decided that once I educate myself that I would like to obtain a salesperson license and become a real estate agent.

We find that we are enjoying ourselves and our time much more as we learn to do things other then spending money to try to obtain happiness :-)

So, now, you're looking at other RE similar to the subject, if you don't own other similar properties you'll find it hard pressed to obtain a real cap rate on a pro forma basis or estimating future performance.Doesn't take long to figure out, if you're doing things properly, that you're running in circles chasing your tail!

 * In the city I'm in you have to get (or transfer from previous owner) a Certificate of Occupancy.  

Something about obtaining private money and re-lending it at a higher rate.

Find tangible ways to communicate the benefits you bring to obtaining the goals they desire.

I'm a Real Estate agent in NYC and I am in school now obtaining my New Jersey license.

I am curious what everyone's target, obtainable, Cap Rate is.