So what's the hold up?

I am currently looking for ways to get started in real estate investing and build capital for buy and hold properties.  

Was the $125,000 in cost the rehab or did that include the financing and holding costs as well?

House hacking, Buy and Hold, Flipping etc...

Is there any reason that being a licensed agent would work against me in my plans to buy and hold multifamily properties?

The only thing about a crashed market is that it may make it more likely to find such a deal, so in actuality it may very well take until that happens for a newbie to find one, but that doesn't mean you shouldn't look for a great deal because that hasn't happened yet, and it doesn't mean that you shouldn't invest if you find one of those before a crash happens, it just means that you should NOT buy anything at any time that is NOT a great deal, or buy anything (great deal or not) that you can't realistically afford to hold through a downturn under some reasonably bad analysis stress tests.

My long term goal is to reach financial freedom by building a buy and hold portfolio that consist of single/multi family houses.       

Instead 401k trust is formed, which is used as the vehicle to hold plan assets.

I'm looking into renting out multi family units or single family units to create a passive buy and hold income for myself that will help my transition out of the navy within the next 3-5 years.

I explained my holding and selling costs – he agreed.