I was strongly considering becoming a licensed agent until I develop experience in real estate transactions and developed capital, but I don't think I want to be a licensed agent due to the restrictions of the NCREC. what advice could one give if I am still interested in a real estate career?

Often they have restrictions on renting a condo or on how it is sold.   

In your experience, are there any restrictions on how quickly you can refi on an investment property in this type of scenario? 

But they also placed enormous restrictions on what a DST can do if it wishes to preserve that treatment--and those restrictions make DSTs impractical for many real estate business plans. 

However, be very aware of the restrictions in place in Palm Springs (and some of the surrounding cities).

Nonetheless, having the buyer sign a document restricting it to commercial use & loan wouldn't hurt.

There are no deed restrictions or follow up inspections. 

All the losses ultimately flow through to our personal joint return, but we will not be able to claim any of them in 2018 because of passive loss restrictions.

It's determined by a formula that the appraiser didn't know - but underwriting does.I also learned that a well water quality test must include a statement about potability and test for a minimum flow rate of 3-5 GPM.It's strict requirements like these that would get a seller's dander up if a loan was changed from a much less restrictive conventional loan to FHA/VA/USDA.

The one rule I am trying to figure out is the restriction on owner occupancy.