New to the business/site and was wondering if there's any value in obtaining a real estate license in hopes of cutting out that expense when buying/selling homes.

However, I would not agree to a simple 1/3 cut of the appraisal value, as that does not take into account about 8% costs if the properties actually had to be sold.

Or I can tell you, Yo.. you are doing it wrong and it will be difficult to make it that way...Now which do you want to hear.Come up with a solid reason for that absentee owner list.Then figure out what the cost /deal is for your pick of lead gen system, and if you have the money THEN move forward...If you do not have enough money to cover that cost/deal x 1.7 (that's a safety factor), get the money first!

I cut the lawn on my other property on the street and went over to the auction.

Easiest thing to do it document all safety hazards and request repairs for them.

You would certainly want to point that out as a safety feature of the house (actually they should be in every kitchen - and especially those with sleeping quarters nearby).

@Andri Grullon - you can store the funds drawn from the LOC in a high yield savings acct to cut your interest expenses by ~ 50%.

Our policies are clear cut with rents that we have our Property manager enforce, due on the 1st, late on the 3rd, posted on the 5th, eviction filed on the 9th!   

As a 23-year-old newbie investor looking for his first investment property and who has never felt the impact of a market crash or recession before (except when my parents cut down our expenses during the 2008 crisis), I'm unsure if I should be taking action or not. 

I guess I Qalil’s have to cut off the ducts to the 2nd floor if I were to go that route ?