I believe you need to be licensed in all 50 states if you are accepting payment for rendering this service.That said, I would definitely get everything in writing so you are both on the same page.

The pages below do not discuss additional forms investors may want to include such as; disclosures, agreements after closing, personal property agreements, MLO paperwork, transfer documents, trust agreements, buyer/seller repair contracts, lien paperwork, closing checklists, addendums, seller brochures, power of attorneys, or additional title work needed, etc.AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming(The links above take you off this site.)Hope you find this info useful and helpful.

The foreclosure rates on HML are miniscule, relatively speaking. 

@Matt Harris is very knowledgeable of the Rochester market, landlord/tenant laws, and all things property management related.

As Clint mentioned, there are a few SFH relatively close to campus that are reasonable.

It's all relative.

That said, Surprise isn't a bustling metropolis or anything, but you're definitely not getting land there for $111 per acre.Surprise is a relatively well-known city in the NW portion of the Phoenix area.

I wasn't sure which forum I might get an answer on, but since this relates to Commercial/Apartments.

Usually they're related to real estate or the subject matter of the podcast. 

So, I've got two separate, but related, situations as I plan my way through starting out.Looking to get into buy and hold/ rental /BRRR1) Both my brother in law and a very good friend are contractors.