Then renewal fees every year can be a burden but again at this point in one's REI career, the cost is outweighed by the opportunity.For a simple breakdown, here are the pros and consPros: MLS access, not reliant on someone else to see the MLS or to literally go view the property, ability to make money off of it, list your own deals..Cons: Fees (annual and upfront), continuing education of laws and regulation (i.e. time not spent on finding deals), always legally disclosing you're licensed, dealing with brokers taking a %Now, these aren't all the pros and cons but certainly some popular ones.

If you have MLS access cross reference that with reliable real estate data (news articles, studies, government agencies) to find where the hot areas are.I'd say it all comes down to knowing your market and your audience.

We like dark floors with white cabinets - pretty popular in our area at the time.

@Chris Mason Great article about overlays.

I located the article on https://www.biggerpockets.com/rei/real-estate-comp...

@Kevin TotlandNotes and tax liens are popular with that kind of balance.

Read this article to understand better what the depreciation might look like. https://www.thebalance.com/depreciation-of-a-renta...I myself am from Michigan and I am currently working on a similar situation with a broken pipe.

(a) The landlord shall: (1) Comply with requirements of applicable building and housing codes materially affecting health and safety; (2) Make all repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition - See more at: https://www.tn.gov/lawsandpolicies/article/66-28-3...

Contrary to popular belief, my parents don't want to kick me out and lock the door like some people may think, Ey?

I listen to BP podcasts every day and I also read many of the articles on here.I am interested in networking with real estate investors in my area.