However, I have a full time job and part of the requirement to be a broker eventually is that I have to hang my license somewhere for 2 years. 

PM me if you want a few names of mortgage brokers.   

:)   I'm an investor, licensed real estate broker for KS and MO and I help run a property management company here. 

I’m a broker and a friends mom called me today to help her find a rental for her.

Hi everyone,I am qualified to get the managing broker license in WA.

You can also represent both in dual agency as long as both parties agree with that and you have disclosed your representations correctly in writing to all parties.If you already approached the seller, as a licensed real estate broker in NC you are required to provide them with the Working with a real estate agent brochure so they understand the process and the representation.It sounds like that you have already negotiated something with the seller and potentially learned personal / financial information about the seller.

@Joel Price sent you my insurance brokers info.

Deal with local real estate brokers who has insurance covering property management.

Since you didn't mention, I'll remind that you have to be a licensed real estate broker to do it and have an insurance, which is more complicated than your regular E&O insurance.This is a tough business and if you're doing just your properties, like 10-15, I'd really first thought it through before starting managing others in big volumes.

If the Broker is holding the money in trust it is an easy transaction to refund.