I mainly do referral only business at this time.

To me anyone promoting a 36% return I would question and want to understand the risk.

- I have my real estate license, but I think I need a RE Broker's license which I cannot get for another 3 year (I think anyway) as I am only 2 years into being a licensed agent (and I am just doing referrals anyway).Any advice would be super helpful! 

To avoid going through the same poor experience, keep reading.Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source.We also can’t believe how many owners hire the first PMC they speak with!

It certainly helps to have a backbone or network to lean on for advice and referrals.

I use airbnb and vrbo to promote my MTRs.

Any referrals given we would be out of state, and would need to depend on a partner for both buying as well as PM services.Thanks a lot for your time and inputs!

This leaves friends/relatives wanting to help you out (emotional based investing) or people unsophisticated and naive (likely disciples of a currently heavily promoted guru).When I, or any other investors (with significant capital) I know of invest, either equity or debt), we only consider deals where (1) the “sponsor”, or borrower have a significant investment of their own capital, unless they’ve owned the property many years.  

If you have a rolodex of people that you can call for advice and referrals is huge.

I don't have a referral for you as I'm in a different part of the state.