Figure out your niche as an agent.

What zipcodes do you prefer?

I was in hocking hills today in Ohio and was wondering if this would be a good niche market.

What got me interested in real estate was trying to think of what to do with the supplemental money I was making from a niche affiliate site that I created a year ago, that is making around $2500/mo in totally passive income.

We all invest differently based on our different preferences and risk tolerances.

(preferably a contractor you know, give them a digital camera and a pocket voice recorder and ask them to visit and give you their opinion.Example...

Furthermore, a property might only bring in $100/mo in positive cash flow, but it could have a really high cap rate if you got a great deal and have a good bank lined up to for your refi.On the flip side, I've also wholesaled properties to foreign investors with a < 5% cap rate...While it seems absurdly low to some, there are people out there who just prefer to park their money in something in the US, and that trumps all other metrics.

It gets it’s name because preferred equity holders have a preferred right to payments over regular equity holders.

I will check the 60 days notice thing.Yes, I would definitely prefer new tenants.  

While the two things can complement each other, I think the time spent getting your license would be better spent learning about the niche of  investing you want to pursue.I can see where if you're flipping houses it could be useful as the amount of purchases and sales will be higher than a "buy and hold" for example.I didn't pursue law so I could write my own will and legal documents.