An Mortgage Loan Originator (MLO) license in CA will set me back just under $1,000.A Real Estate sales person License will set me back about $1,000 also.Just starting here and I need income fast.

Sure, @Aldrin Contreras , it is ok to wholesale without a real estate/broker license... in fact, you don't need a realtor to wholesale a property if you find a owner who will sale you his/her property without a middleman....It is when you are looking to wholesale REOs is when you have to "DEAL" with a realtor...Good luck...

If you have a realtor find properties for you, it'll likely be that you'll be paying close to market values for a property unless you get one that specializes on short sales and/or foreclosures.  

@Dakoda Spencer, the first step is to go and look for apartment buildings for sale.

I've always wanted to watch an interesting show about a large, successful landlord. All of the house flipping shows are getting monotonous. I finally found one! Here is the link to a preview:https://youtu.be/yxprQpcrB...

does anyone know how the new legislation in New York in December is going to benefit investors in ny are there houses that are not listed for sale right now that are already bank owned . 

They should be familiar with foreclosures, short sales, auction.com as avenues for procuring deals.2.

Should that purchase and sale agreement include that the owner is to transfer to me her holding of the existing renters' damage deposit and last month's rent?

Purchase would be from the R.M. but you would need to verify the owner is no longer in residence (both parties).I would expect all RM's to be underwater and thus never expect any margin left for FMV sale even it you obtained title.

There aren't many in town for sale and they are more like 150k and rent for 475 or so for 5 units.