Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

Even the funding alone is easier since you now have a cash flowing property that can help you fund your seed money faster. 

You need to make sure you're working with someone whose sending you personalized deal flow that actually meets your buying criteria.

i would never tell a random person on the internet where they should live. 

Hey @Scott Chauncey, for the 2 SMLLCs, as long as they are disregarded to your personal tax return you can have them within the same QBO.

I can make way more money where I'm from. you have to branch out. most large pooled capital funds are raised in California and invest outside of California 

What I am looking for at my age, is properties that will flow in the future to fund retirement travel, and MTR is where I am headed.But the reason for this post is I now need a structure(s) for what had been a concept. 

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

In 2021, my company earned just under $1,000,000 in net revenue and I personally pocketed about $325,000.

They have installers as well.Take a look at Engineered Wood floors since this is your personal residence.