They sleep two adults each, not large groups and  were designed by a well-known firm that specializes in energy efficient homes.  

It looked like an automatically generated email. 

Typical scenarios like this might happen when you have a seller who has owned a property for generations and the last assessed value and hasn’t caught up to the current market selling prices.  

If you do proper marketing offline can you create a business that will generate 50k net income per year?  

The bigger issue in our area is most "deals" are based on randomly generated repair costs and pie in the sky ARVs. 

Given that my CA properties are massively appreciated and my OH properties meaningfully appreciated and all of them together generate only modest taxable income it makes it an easy call for me to maintain the simple structure that I have.

As an agent, you will need to not only pay for the cost of your pre-licensing course, but will also need to pay to join the National and local realtor associations, MLS dues, lockbox fees, meeting continuing education requirements (generally 40 hour CE credits required every 2 years) signs, marketing, business cards, lead generation, CRM, and other technology required to run your business. 

This is my 7th day :)I analyzed a deal in college town (Urbana, IL), and assume a reasonable rent, and it passed 1% rule.Based on the asking price, I estimated it will generate a positive annual cash-on-cash return, assuming 20% downpayment.

If you improved (upgrade) the units could you generate another $50, $75 or $100 per month?

That is a good thing, because equity participation in the profits of a flip - which is a trade or business - would generate UBTI if the activity is conducted with any regularity.