Check your prospectus and the treasurers office.  

I know how it works for my state and counties but this is a sensitive matter, you should contact your local and state tax offices to make sure you are doing everything right - I would not rely on any advice from the internet, even if they are trying to help they may be doing it wrong and penalties for not doing right can be severe.

The letter stated he was obligated to tender a defense for the buyers due to the statutory warranty deed and to contact the office immediately.We contacted an attorney on his behalf and he sent off a letter to try to figure out what next steps would be.

I think sometimes things get dumbed down between generations or turnover in the office. 

Brant,Have you thought about getting your real estate license versus being a loan officer? 

Are you look for a brokerage to "hang your license" or a brokerage that has support, training, bricks & mortar office? 

Our offices in the brokerage were set up for 2 people, and the other broker in my office had just quit.  

The market is always in flux and based on current supply & demand which is affected by current mortgage rates & other macroeconomic conditions and supply available at the moment.I would not recommend waiving your inspection unless you are an experienced investor.

I am thinking about home office, phones, RE related milage and meals, may be buying a vehicle via LLC.

You'll be setting yourself up for success if you invest in quality markets that are desirable places to live, with a diverse job market, limited supply and high demand, and population growth.