Here’s the bottom line:  Long term success as a real estate investor or real estate business owner requires knowledge of (1) real estate principles (2) real estate finance and (3) real estate law.  

Hi Shawn-Congratulations on starting out on your real estate investing career.You have a question about whether it is good to have your real estate license or not as an investor and you are leaning toward multifamily investing.I personally think having your real estate license is helpful as an investor.Having your real estate license allows you to work with other investors to help them build their portfolios which helps expand your network while being productive, you can research market value more effectively, find out about deals before they are listed, and of course it allows you to collect the commission on purchasing any listed property.To Your Success!

I got to my current financial success through a series of well thought out endeavors but with a massive sink or swim element as I am often self guided..."

Hi @Ben Lindquist, The 1031 Exchange Qualified Intermediary is a crucial part of any successful 1031 Exchange transaction.

Note: I have not formally warned the tenant about any of these issues.I am seeking guidance and advice from the BiggerPockets community on how to navigate this challenging situation and successfully evict this tenant.Disclaimer: This is a complex situation, and I understand that legal advice is best obtained from a qualified attorney.

The success rate will hinge largely on location, type of property, and cost of property.

I had a pretty successful career doing that and made good money but, it was not my passion, I love real estate and everything about it the good and the bad.

When the success of the deal is based on paying someone elses note and generating income on the property.. there are going to be many many defaults by those who get into this with no real reserves and their tenant stops paying and trash's the house and the senior debt payments stop.. and or the rob Peter to pay Paul.. taking rent and not paying mortgage because its not in their name.

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.

I think there's still a lot of room in the country to do this successfully and where the locals can also benefit.