If so, yo uwill need to hang you license with a broker. 

If you get a license, you will have to hang it with a broker and you'll have to pay commission on your transactions.

  - current rents as reported to tax assessor in Jan 2017 = $12,860    (10 for $770 ea, 8 for $645 ea)- current taxes are $12,580 (WI bases taxes on the reported income I was told)- yearly expenses of $61k include -sewer (a killer at $10,320/yr), water (well), gas for boiler, common area electric, insurance, 5% management fee, $800/mo CapEx, garbage, insurance, and maintenance fees - all units were reported rented to assessor although at least 5 units have obviously been vacant for a long time (as evidenced by the several months old gas/electric company shutoff tags hanging on the doors).

By day I work at GM as a powertrain engineer, by night I like tinkering/racing cars, hanging with friends, and more recently snowboarding.I'm still learning, but hoping to make my first move by February 2018.

I suspect the person who made the 200k second if the first goes into default ( never mind there is no equity) probably does not or will not cure and they just let some borrower rip 120% of his cash out of his deal.. so no real motivation to hang in there. other than maybe their credit.

There is much more low-hanging fruit to pick.

They're pretty intimidating to use, but not that bad once you get the hang of them.  

I have a place I'm considering selling next year, but I can't help but wonder if it's usually, or always, better to just hang onto a property and HELOC to use the equity rather than pay transaction costs and taxes.

There are costs associated with education to obtain your license, taking the test, licensing with your state, and joining a board to become a Realtor (if you want to be able to claim the title).Then, you will need to hang your license with a broker. 

I’m shopping for the next:)I think it’s time to start hanging out with you guys!