We pay for our license, continuing education, NAR membership, state and local Realtor board membership, MLS, E&O, marketing, lead generation, websites, desk fees, gas, etc.And if you're thinking that we're making a killing on our commission, don't forget that on a 5% deal, that is commonly split 50/50 between the listing and selling office. 

Have to plan for the worst case scenario there I'm sure.

In this scenario, I didn't plan on having too much for reserves, because the goal was to get the properties cashflowing (so they pay for themselves).I'll research more into commercial loans and portfolio loans.

I want to run a worst-case scenario simulation - We are assuming that the market MAY go into recession over the next 5 years (2019 to 2024).

I have an interesting scenario with a business and the real estate that it’s using and I’d like to get your opinion!

Of the 39.0 acres on the county property appraiser, 25.5 acres is zoned timber, 2.0 zoned residential/AG, and 11.5 wetland, an arrangement common in my area for either Timber or Cattle to save property taxes. 

If 2018 you may qualify for the "mom & pop" $25k allowance on passive real estate losses as long as your AGI is within threshold.Being categorized as a real estate professional just allows you to make a grouping election with respect to your rental real estate activities for a material participation determination.Your tax advisor should be explaining the pros, cons, and impact of all scenarios."

The only full time work experience I have is through internships so I don't have a steady income that can support a mortgage (worst-case scenario) but I do have a high credit score that I have built up over my college career.

this is fairly common practice in low income areas Ideally you’d never do this but in some rough neighborhoods where everyone is on assistance it sure can help

If your best case scenario is 100/door with only 5% vacancy and no PM fees/variance/cash reserves being funded monthly, there’s a high likelihood you’ll be in the red in my opinion based on the info provided.