In some ways I enjoy reading older books as you can truly understand timeless values/concepts versus temporary trends.

My offer got accepted at 81k and my current insurance quote came up to $82bucks monthly versus $161 that I got from a previous company.

I'm debating between using that HELOC to finance my next SFH (either via traditional financing or an all-cash purchase) versus waiting a few months to save up the cash. 

On the scale of 1-10 for passiveness, I'd wager about 7

As for what pitfalls to avoid, an experienced syndication attorney will be able to provide guidance on the appropriate provisions to include in the documents, which will be significantly different if it is a JV versus a syndicate.

When you get going, there's not much difference in what you know versus what a strongly competent agent would know.So I suggest if you do pursue your license, do it with the first intent of getting sales and earning money so you can afford those investments you wish to make!

On the plus side, I'd wager it's more accurate than a lot of assessor's data...

Out of curiosity why do you think NPNs are the best place to start versus rentals or performing loans? 

So I’m a little confused as to the regulations in Tampa that you mentioned versus this information.   

Quick Tip on PA Real Estate versus NY - In PA Buyers & Sellers do not typically have attorneys negotiate or handle closing (even though they can be used); most transactions are handled solely between the Real Estate Agents and Title/Closing Companies.