I talked to asset protection companies, Prime Corporate Services and Anderson Business Advisors (both have mixed reviews).

AND you must maintain adequate reserves to take care of the disasters that may happen.So my advice- build your equity.There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

It's where you can find/post advertising/promotions for properties or services, as these aren't allowed in the forums.

In my case, they were because the "Reserve" had not been met.

Being out of state if it's a management intensive neighborhood you are going to have a tough time with getting a property manager to give good service there if it's too rough.

I do like the idea of getting your license (vs. wholesaling) because you have more options when servicing potential sellers and buyers. 

One bank asked to show 6 months reserve which I did and still requested 15%.

I'm currently working on my reserves.

Also, do you charge a service fee on top to offset that software/back-end expenses/fees?

There are some in the Reno, NV area that offer tenant screening services only.