You can also get a RE license (not that you need one, but just to gain knowledge) or go work at a RE office as a clerk or Gofer.#2 - Start going to events like those at Home Depot on Saturdays, where they show you how to tile, or other basic trade tasks. volunteer to help friends, volunteer for a Habitat For Humanity project.

Here in Illinois, people are required to have a license.

I am a licensed loan officer and would happily help you navigate this situation to the best of my abilities.

HI David..Someone in your office will need to obtain their NMLS Mortgage brokerage license but we have a complete system for RE professionals like Agents, Tax Professionals, Attorneys and Builders that enable you to be involved and compensated without the full responsibility of processing loans (which is not fun!)

If it is less then you follow STR laws and licensing requirements. 

I have the capital for a down payment and holding costs for a year but am struggling to find a lender who does not require a first-position lien on the home (the seller does not wish to subordinate his lien position).It has occurred to me to seek a partner-investor who would profit share with me if I was responsible for renovations, as I’m an experienced and licensed Residential Contractor.

Don't try to be smarter than the city and not pay the license fee else you won't even get through the court doors.

Many cities have implemented CAP's or maximum allowable licensable dwellings used as vacation rentals but some areas allow active STR permits can transfer to new owners upon sale.

In most states if your trying to help them stay in the house and are charging them a fee to help them then you need to be a licensed foreclosure consultant. 

Oh, and their employees are not licensed brokers, but earning 10% commissions!