Or a PM bizz  etc etc all of these are RE based but you dont need to own any RE per se . when you have investors that are not in the bizz IE not brokers lenders GC's etc etc they to me are true investors and depending on their background and funding ability scaling can be a pipe dream or one can methodically do it in what ever rental props they want to buy..

It’s great to see your passion for real estate.

.- The TL states that those are technically the team's leads and I will owe the 20% if they convert within the year since I was given training (which I was not), lender referal (which was forced on me by the TL even though I work with my own lenders for my clients).Is the above statement true/legal/valid?

The old adage is true in real estate as other aspects of life - if it seems to good to be true it probably is. 

I learned this phrase about 50 years ago in my first year as an agent and its true today."

If the answer is "close enough," they move forward without much hesitation.While it's true that higher-quality tenants are easier to attract with nicer homes in better areas, I’ve managed C-class properties and had fantastic tenants.

Nathan I think this is true if your just talking about rental props for landlording.. the last 2 to 3 years have been the best years of my career.. building new builds and Loaning our funds.

The part about getting out of your own way is so true, especially with managing subcontractors.

Everyone complains that there's no affordable housing anywhere, but that's just not true.

True scale benefits only begin with properties of 50+ units.When buying in a low cash flow scenario, make sure you’re in a desirable area where equity growth is likely.