However, many mortgage brokers have been telling me that I need to show them 2 years of work experience out of college as a real estate agent and I simply do not want to wait two years to buy real estate because I have money ready for a down payment.

However renters will pay you more money monthly than somebody that simply owns the home.

The best thing is to simply talk to him about your ideas and I am sure he will work with you to adjust his contract accordingly.   

Hi all, I have an opportunity to enter the biz with property management.

Im not quite sure if by the TOTAL GROSS MONTHLY RENT option, if I'm supposed to enter the current rent or the future potential rents at market value.I guess this question can be asked in regards to analyzing any potential rental, not only Brrrr. 

If you are not a licensed entity without a managing broker you cannot: write ads of properties (owners must write ads), you cannot negotiate leases terms with the applicant, you cannot collect rent in office (regardless of whether it is made out to landlord), you cannot operate a trust account, and finally you cannot enter into contracts for services (i.e. hire a plumber, lawn service, trash company) on behalf of the landlord. 

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the BP Podcasts, #askbp Podcasts, BP blogs and BP webinars.

If you want your LLC to be a bona fide LLC, revenue must enter and expenses paid out of the business account.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Continue to feast on the BP Podcasts, #askbp Podcasts, blogs and webinars.

Simply be sure you have a few exit strategies and run some worst case scenarios to mitigate your risk.