I also just finished a real estate course and will be scheduling my test with the DRE.

The pros are:Having access to MLS(which is awesome)Being able to see listed properties yourself and make your own appointments and lock box codesSubmit your own offersCons:Pass the examHang your license with a broker (although probably not hard)Pay MLS duesTake a course for the exam (but preparing for the test you will learn a lot about real estate)Do continued education (but not really a bad thing)You will have to disclose your an agent if you are dealing directly with a homeowner/seller

Howey Co.The "Howie Case"This created the Howie test which basically says if an investor is a passive investor it is a security.

Since you say you bought 3 years ago then obviously you have passed that test.

They have passed my test as to competence in compliance areas they speak about more than any other non-attorney members on BP, bar none.

Black mold is only identifiable when tested and the rehabber will appreciate knowing.

I anticipate taking the test in the July/August time-frame.I've been doing these mailings since mid-January and I'm trying to find ways to shorten the time to my first deal.

I'm not sure what his experience is with direct marketing, but he probably should have split tested the farm area before dropping that many mailers.

There is no right or wrong approach.. test the market and see what works for you..

Some of the questions on the practice tests were also on the state exam, so that was nice.http://www.proschools.com/Real-Estate.aspx