("No person shall engage either directly or indirectly in the business of a real estate broker, broker-salesperson, or salesperson, temporarily or otherwise, and no person shall advertise or represent himself as being authorized to act as a real estate broker, broker-salesperson, or salesperson, or to engage in any of the activities described in R.S. 45:15-3, without being licensed so to do as hereinafter provided.)

I was active-duty 20+ years ago.

Most wholesalers I know are active realtors already.

Request 3 months of bank statements from the company to verify active income.3.

I have 2 rental properties on Long Island, NY and they're both located in the same town.Property #1-Legal 2-family duplex (2 units)-Does not need to be owner-occupied since it’s a legal 2-family-Has active rental permit with the townProperty #2-Single family house w/accessory apartment (2 units + illegal basement apartment)-I live in the upstairs unit-Needs to be owner-occupied in order to get rental permit for the 2nd unit since it’s not a legal 2-family-No scenario where the basement apartment will ever be legalMy family has been renting this house without a rental permit for several decades without any issue.

If your highest leverage activity is earning money through a w-2, then stick with it. 

I doubt he's an active agent anymore. 

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

There are a lot of people who actively flip and the best wholesalers who actually have good deals (not all wholesalers are created equal) have a lot of buyers looking at their deals too.

Not all W-2 (active income) is eligible to offset passive losses.