Things will work out fine as long as you're consistent with whatever strategy you've chosen.

Could you work out a 30 to 45 day stay in a place, rent a storage unit and put most of you belongings there and just keep what you need?  

For us, our 1 bedroom wouldn't work out as well. 

All the numbers work out , the CAP rate is good , the Cash-on-Cash return seems above average .

IF you hit one, the intense pressure they are under can release and severely damage the concrete, or worse, hurt or kill the saw operator.

I highly recommend  you look into that.Something you might want to look into before you get started1) Soak up as much info as you can so that you know what you're doing.2) Pick a niche and try not to get distracted by various means of investing.3) Build your team before hand - insurance agent, local community banks, lawyer, realtor, property manager and handymen.4) Run numbers on a LOT of properties just to get familiar with the process.5) Research on neighborhoods that work out for you.6) Network.

Check with your CPA rather than your attorney on how that might work out.

Also, how would it work out if I did not obtain my license, and instead, just did a referral. 

Instead of hourly, should we set up an incentive program for him where he can make bonuses for money saved by using him opposed to subbing work out? 

It's not a local, if things work out I would be traveling to probably do a temporary live-in flip.