Originally posted by @Udayabagya Halim:The value of that property is (100 x monthly income of full occupancy) = max priceOnly if you're buying strictly based on the income stream and only if comparable properties in the area are selling at a 6% cap rate...Generally, duplexes shouldn't be purchased strictly based on their income stream -- if you overpay and have to sell in a short time period, the new buyer will likely consider comps as well. 

MA is becoming more and more strict on sprinklers.

In particular a property for sale with say 5 houses on in it...does the fact that they are separate buildings make a difference or is it strictly about the unit number?

Pros - Get the commission on your dealsPossibly work with other clients to earn commissionsMore ingrained into industry to understand the process and how to value dealsAccess to MLSPossibility of writing off more expenses on taxesCons - Cost & Time of getting licenseCost & Time of maintaining license - MLS fees, E&O insurance, desk fees, Association dues & training costs add up to thousands per yearShare commissions with brokerMust follow strict licensing rules per state & Realtor codesPersonally, I don't think it makes sense unless you are buying or selling 3+ deals per year (or helping others).

Do you target your private owners with strictly mailers?

I also recommend you find an agent that is familiar with 1031s as there are very strict deadlines that need to be followed.  

The banks are still strict on lending.

I also do not know the reason and am left to conjecture that it may be due to the effort to make a place comfortable and familiar or a need for certainty and routine in their daily living.  

Let me know if you're looking for strictly financial partner?

Some states are more strict on this..