As I'm sure you know, things like multiple layers of roofing or sketchy appliance situations are common for Hamtramck/Detroit but certainly shouldn't kill the deal.

The cost of being a realtor is not only the class, it's the test and license, joining a brokerage (they charge), joining the board of Realtors, and gaining access to the MLS. 

It just makes a lot of sense for agents that have multiple careers and obligations.

I’m thinking about buying a property with a friend of multiple units at least 6 units down in Florida.

Don't go find one agent- start building relationships with multiple and express your interest in off market deals.. doing all that you can to establish some feeling of credibility with them.

After running the numbers conservatively, multiple times, we are right at $200/mo cash flow.In either case i'd love to know what you all think. 

He has multiple properties with mortgages all insured for a little over what the ACV is. 

I’ve read on multiple old posts that there is no need to create an LLC until you have a few deals under your belt (I’m sure they are referring to the aspect of shifting the liability off of you) curious how this works come tax season if you also work a W2 job (as I do and plan on doing) where your gross income from a property would be say 12k for a year but your net income or cash flow is only 1K.

In the markets I look at, I find sometimes a property might pass a quick 1% test, but then I dig in and realize it would need XX in capex. 

It's clear to me the tenant is testing you or developed financial issues.