I wouldn't spend all $150k though.There is a lot more upside in actively investing, but there is also more risk and a higher time commitment.

Scott I was tinkering with starting a HML company in Honolulu one of my business partners there has a family foundation and a ton of contacts.. so I was researching licensing ( I am NMLS registered and Oregon state licensed but in active ).So no license needed in Hawaii for commercial purpose loans.. then I wanted to scout the local HML for rate shopping.and of course my partner there knows a few as well and a few lawyers.. so I know there are at least 3 locals there lending.I then was talking with Conventus about Oregon as I was contemplating brokering some loans for them.. and mention to Keith the owner he should check out Honolulu and sure enough he has done some deals there .. then you have the others that promise to fund if you buy their educational system or material there are numerous guru type companies that do this.. however the bar is set so high that finding that unicorn is pretty darn tough.. so they make their money selling you information more than they do lending 

In the past I've done property management and had my NJ real estate license (now inactive).  

Let me know if I'm missing something obvious though...I'm in California so it's always interesting to me to learn about markets where people can actually even 'see' the 2% rule in action

You can have an inactive license if what you are after is the information in the training.

Inaction will be the first step to a slow real estate career.

We've used VA's from Upwork to handle our cold calling for us.It works pretty well for managing them as well, as while they're tracking their time, the Upwork app screenshares what they're doing and checks for inactivity.

I was in active negotiation with a Seller for a duplex property in Portland, OR.

I fear opportunity loss from inaction.

The license went inactive and lapsed for not meeting CE Requirements in June of 2015.