If you do decide to go the passive route you could invest in about 4 different deals, with different sponsors, in different geographies and different asset classes.

You have to be "sponsored" by a broker.

@Daniel Francis  , I actually just got licensed and sponsored by a local broker last month!

Hi private equity folk,This question has 2 parts 1) How much cash do I need to contribute to the $1,875,016 of equity in order to get it funded by a private equity partner? 2% 5% 10% 15% 20%2) How much is acceptable t...

An RC can sponsor its own projects, or be "rented" by third parties who don't have their own but need one to get enough jobs.  

You put up funds, get to stay up on the project thru sponsor communications and get a check every quarter w/o any hassles.

Maybe I’m looking at it from my syndication lens (I have ~20 syndications in 5+ states) where sponsors have skin in the game and take a much smaller portion of the profits.Are you using real estate for diversifying your investments or do these rentals form the biggest chunk of your investment portfolio?

I don't really plan on actually BEING a real estate agent per se, I just went for the license for the access to MLS, the savings in commissions and the knowledge that taking the course brings.At any rate, I can either choose to select a sponsoring brokerage now and get my active license, or I can get an inactive license without a sponsoring brokerage.My question is, do any of you folks have any suggestions? 

Are you sponsoring any other investments?

(Which to me is not desirable at all considering the age of the current cycle ).Occasionally you can find sponsors that will do 7 to 10 years and these are considered in that world to be long-term.