I would start at the largest brokerage office with the biggest market share, their phones will be ringing and generating leads, also find an agent in that office that has more listings than they can handle and do open houses for them Saturdays & Sundays, or commuter open houses during the week, here you will meet people and therefore more leads, problem here is that the commission splits will be lower since you are new and that is the typical formula...going to a fee based brokerage will cost you money monthly and you will be responsible for creating your own business since typically leads will be sent directly to the broker who's listing the buyer is calling on...work your network, that's where the best leads will come from in the end...just my opinion !

The largest group of millennials are currently 24 and 25 years old and in their prime renting years.My personal belief is that these demographics are pushing the apartment markets to heights it had never seen before.

recreational land lease".  

He is an older guy, at or near retirement age and he appears to be a one man operation or mom and pop office at largest.  

But one thing we must consider and no one is talking about... if there is a price constriction in the bay area there can be a price constriction in ANY of the other cash flow markets.My first foray into HML in Detroit the homes were appraising at  120 to 140k in 2002.. we loaned 60% on  HML... those homes dropped in some cases to worthless in 10 years. and then as investors came back on the scene maybe get back to 20 to 50k.. now I know your point is going to be that's Detroit Jobs etc.I also was loaning in Atlanta one of the largest economies in the US... same numbers 120 to 160k nice homes 5 to 20 years old.. when they cratered they got down to 20 to 40k..

So I am fmiliar with the process.I have a little leftover money in that IRA, and am eyeing a piece of rural land to eventually use as a weekend recreational getaway.

The only problem with that is that they only track the largest metros. 

@Brian Eastman The largest drawback to me for the Self-Directed IRA - which is what I was originally gravitating towards - is the UBIT tax on income gained from leveraged debt.

The growth is mostly thanks to an expanding Texas State University — the largest employer and largest property owner in the city.

@Jay Hinrichs I am with a self-directed IRA company...one of the largest in the space.