You will need a licensed TX attorney to oversee the legal documents, you need escrow officers and transaction managers and business development/marketing.

For the person that is letting you arbitrage their property, why would they choose to let you arbitrage their property rather than hire a professional, licensed, insured PM that has a team to run their property for them? 

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

@Luca Perinuzzi   Did you end up getting your license? 

If you are looking for a licensed GC to help you with your project, take a look at Peridot Assist (770-984-5353).

You provide a copy to the tenant.Are you a licensed PM?

If you're wanting a Conventional loan, make sure the lenders you're talking to have an NMLS license.

Whoever is teaching this should have their license revoked... up there with some of the worst counselling I've ever heard.

I usually don't recommend you get your license.

She is meeting on Wednesday to take the listing and find her a new home ( probably one of mine though LOL)    But that is what I see the main difference in wholesaling without a license and licensed agents who do it for a living.