Second, an agent no matter whether they intend to make a living at it or not needs to be able to manage their time and schedule.

Makes sense - I was pretty well-versed in the regs but when the property manager mentioned they already had the vacation rental license for Broward, my ears perked up.

If you need someone to do the work for you, this company will manage your site for you with a few different plans

I had to take my first tenants to court for being four months late on rent, but since having a property manager, we've been able to find new tenants, that have been there for 4.5 years.

I've heard about people creating Property Management businesses and billing their properties for service... which seams easier but I know that subjects me to self employment tax (but does open up other possibilities of self employed 401ks and such).

So next time your CPA saids you can use education hours, looking at financial statements(investor hours), or my favorite "managing the property manager" run for the hills.

Study the markets you are targeting and find investors/agents/property managers in those areas to network with.

There are a lot of micro-skills to learn, from finding great deals to forecasting cash flow to financing to hiring and managing contractors to permits to inspections to managing tenants and property managers.

I am a 27 year old, born and raised in the metro Detroit area of Michigan, a former collegiate gymnast at EMU and Pitt, a current Manager of a CS team at a highly functional Sports Tech company, AND (most importantly) I am officially a new homeowner as of today!

I'm the Managing Broker from Premier Agent Network in CO and we're 100% commission.