Set this up to where its compelling for the Money to invest with you.. and go for volume play once you have one investor go for another  investor and increase your income by volume not trying to cram down your money partner on their returns for the privilege of working with U. 

I am holding on to that privilege to make sure we get a four plex that fits into the grand design.  

It gives me a privilege others do not have. 

Went to accept the offer and was told this ‘privilege’ costs 5% from every future reservation.

Now I read "...that they are looking for a mentor to teach them all they know but offer nothing in return but the privilege of working with them."

Set up a land trust for your personal residence and pay rent to the trust for the privilege of living there.

Now if you or I were to get a license (as mentioned in your post), with our experience, we would only have a privilege or two more conveniently, however as an investor, I feel it would limit me.To be frank, the license is truly not the cornerstone of investing, buying, or selling in real estate...

It is hard to fathom how bad things can get because we're so privileged to live in a country that is so isolated.

Just to give an short term rental owner point since there is a lot of fact-less, miss information, emotional and fear driven arguments going around.As a short term rental owner we abide by the current ordinances and laws (yes even parking), pay all the appropriate taxes btw yes we do pay state and local occupancy taxes just like hotels do also, we also actually pay about triple the property taxes that a normal home owner does for the “privilege of renting our own property”, we take better care of our properties than most property owners around us, clean and maintain our properties weekly, we screen the people we put in our propeties also (my felony neighbor that moved in next to me I have no control over btw).We have systems in place to monitor our propeties 24/7 like video and in fact have even had other neighbors come to us asking for our help and video coverage for unrelated issues on their property.We actually enjoy meeting the different people that stay in our properties and even had a CBS reality show filmed at one of our properties recently.As an owner the only real negative experience I have had is from the folks that think they have to right to tell me what to do with my property.Do we have an occasional guest that thinks they don’t need to follow the rules of course but we handle it just like I would think you of any guest that comes in your home.

The beauty is that because you are the Trustee and would have full check writing privileges.