I feel like it's something I could benefit from since I'm not that experienced

I don't think becoming a licensed agent will benefit me in the short term but it may be beneficial long term. 

It is all up to what the specific parties find to their mutual best benefit.

@Andy Morris, MF can definitely benefit from understanding and negotiating the CapRate. 

I am hoping to get together with others that want to discuss and learn more about Real Estate, especially Multi Family, buy and hold, syndication, partnering and how to benefit from tax incentives for RE. 

These rules do come with phase out and exceptions. 

I’m still researching them though so if there are any other thoughts/not obvious benefits about them - I’m all ears, thank you very much for the suggestion. 

If you do engage an environmental engineering company to do a Phase 1 report, be prepared for them to recommend a Phase 2 that would involve drilling soils samples as their further action recommended.

It also might be wise to start with a smaller property than a 6+ unit so that you might get an understanding of the basics first.Good luck.Thanks for the reply all your feedback is helpful and No you’re absolutely right I’m not ready, I plan to go for it at the end of the year if possible and Florida because My friend and I are planning to move out there but, there are mostly SFH and if we’re going in on something together it wouldn’t benefit us to go for something small.

Painting is not necessary and it apparently was agreed upon by the current tenant since it has no benefit to him.