I’m concerned about resale value and if they will be able to rent the small apartment on the land.

For many apartments, they’d have to fill out applications on the spot and cross their fingers.Those days are over.

The license might give you some access to data and the ability to make a commission that you otherwise would not have, but with that access and ability to earn comes increased liability because you're an educated and state licensed professional.

There are a lot of questions that need to be answered, but just to offer my .02, You are looking to renovate the 2 most expensive rooms in an apartment, the bathroom and kitchen.

I use mysmartmove for tenant screening and its very easy for them and will give them access to their report if you deny them.

Right now, my interests are in multi-family apartment rentals, but we would be interested in learning more about your successes and how you can flip so many homes per year.

I deal with the tenants-- take phone calls, screen applicants, show apartments, collect rent, deal with maintenance issues (scheduling and hiring), find properties, market properties, plan renovations, buy renovation materials, assist with renovations and do bookkeeping for rent collections. 

I have full access to the MLS, have a general understanding of how to utilize it, and currently walk properties almost every Tuesday to get a feel for my market demographic and what's selling.

<shrug>I couldn't imagine being the manager of a 400-unit apartment complex and being worried about the overnight guests of each and every apartment. 

SFR, 35 unit apartment buildings?