There are licensing requirements depending on which state you're in and if you're trying to do things the right way, you'll also have overhead like E&O insurance, office space, etcTL;DR It can absolutely be done but it is a very regulation-heavy business to be in, especially if you're targeting 1-4 unit stuff where majority of lending business is done.

I also must pay monthly fees to be apart of my brokerage and must maintain E&O insurance as well. 

It is comforting to know that there are so many unlicensed brokers willing to help the public because the hundreds of thousands of licensed agents with education, oversight, and E&O are not capable of helping them:)Maybe the state will come up with a new license category for these activities LOL!

Ed O., I think that is a tough conundrum.

Whereas C-D class lends itself towards blue-collar families looking for affordable spacious 1400 sf 3-beds including the basements (where the rent is still above the mortgage), B-A class is often occupied by young professionals around my age (mid 20's to Early 30's) who pay up to be WHERE they want live not so concerned about WHAT they are living in, often a 500-700sf unit w/o a basement. 

@Patricia Steiner and anyone else who may know, are there any non-conventional tools you have used that are effective tools to help get a look at amenities, quality of the interior of a house, etc. w/o using the MLS?

I am looking to buy the following property - Beach house that rents 180/days per year - duplex total nights rented 378 average rent per night $425The P&L numbers do not match these numbers - the property has also ...

When I found the window people and explained the story + provided the documents, they chuckled, they looked at me and said that was crazy and even ask if they can show that to their manager who was sitting right across the check out area and when he saw it, his expression was " O M G " and shaking his head.

However, you could still get up to 85% of purchase + 100% of rehab w/o that experience as long as you stay within 70% ARV. 

Do they require a c of o?