Licensed STR with $45k gross income in 2021 & 2022. $3750 Gross. 70% = $2625 minus utilizes, repairs, licensing costs..$2100 net monthly income sound fair? 

Regulation and permit or license-ability will be critical.

You are not licensed, at least in part, because the activity you're engaged in would be prohibited of any licensee. 

My realtor in Galveston says it is no problem and owners can host their own showings without a RE license.  

Get rid of those GCs and Subs too....any legit Contractor (are they even licensed?)

She just got a new job out there and needs to get thousands of hours to get her MFT license in CA.

@Sebastian Gomez according to this: https://www.allpropertymanagement.com/resources/property-man...One must have a Real Estate Broker's license to operate as a PMC in Illinois.You've stated you have an agent license, so, legally, you will have to run your PMC commissions through the real estate broker you are operating under.Your broker may also need to modify their E&O Insurance to accommodate your PM activities.

Also, make sure that they are bonded (you can go after their bond if they don't finish the project), licensed and insured. 

My thoughts are to either consider it as a wholly separate business, using my (future) agent license to get to know the market, generate leads, etc.

They do require patience because they are similar to construction where they can take 60-90 days on average to close.You cannot do the work you need an approved GC or builder and typically required to get (3) estimates from (3) local licensed GC/Builders.