I work in WA, not IL.Sounds like similar facts - you need to be licensed if you are going to manage other folks' property.Here, you need to hang your license under a managing broker until you can get your managing brokers license, as brokers can't touch money and do a few other things legally.If it's like WA, you will have to hang your license under a managing broker at a brokerage, and coordinate deposits, contracts, fees with them.If that is the case, ask some brokerages that will allow you to hang your license under them for minimal fees in order to be compliant.

You're just going to need to find a couple of folks on the ground that you trust.

I’m about to close my first deal and am eager to network with other investors, agents, wholesalers, lenders, and cool folks as I continue my journey. sup

I’ve seen folks panic and act like they’re about to be stuck holding a ticking time bomb, but if you structure the contract properly, give yourself a decent inspection or feasibility period, and understand local investor demand, you’ll rarely end up empty-handed.

I work with a bunch of out of state folks here in the ATL metro as their trusted boots on the ground.

Most inquiries are from folks looking to get into the takeout business. 

Hi @Kyle Kobel and folks,I teach hosts how to use Pricelabs more effectively or I also a have full service offering that includes STR revenue management and listing optimization as well.

It will be good to start getting facetime with knowledgeable folks such as you and others. 

I've seen some folks buy storage deals at valautions that are going to make success tough for them.  

Some folks pull out capital to deploy into other investments they see as a good move, but you may also want to consider the capex and debt service the property comes with as far as gross rent covering the costs.