The flipping will exercise your estimating rehab costs muscle, as well as your deal finding muscle.

Being a broker takes on tremendous amounts of risk and time from E&O insurance to making sure your agents remain compliant but at the end of the day brokers enjoy getting paid without having to physically sell a property, some have the ability to sit back and let the agents do all the heavy lifting. 

Regardless of a tenant physically being at the rental or not doesn't mean they don't pay rent.When you are in the hospital or away for any other reason, your mortgage is still due.

To qualify for this exclusion, 1 must either meet the bona fide residence test or meet the physical presence test.

I stay away from the property so do not have access physically.1> How do I investigate and find out if it was tenant fault they clogged the toilet or a natural cause.2> What is approx. cost to clean the lines and clean the carpets?

If they choose to exercise the option and purchase the home, the money you received goes towards the down payment, if they don't end up going through with it, you keep the money.  

I used to go to the courthouse and would have to pull the physical books to do searching, now all of these records are online almost everywhere so it's becoming simpler but still tedious work.

I'm on path to start a three semester physical therapy assistant program this May.

That being said, I am a huge proponent of owning tangible assets such as physical precious metals and certainly land and property. 

Most FSBOs not only don't know what the home is worth, but have no clue how to make physically make an offer with the legal and proper disclosures.