Always keep in mind that investing in real estate is a journey, and it's acceptable to start small and pick up skills along the way.

Slow and steady still wins the race. 1- The reason I am looking more into scaling a real estate portfolio in comparison to my active income right now is because my active income isn't very scalable.

Keep in mind that if you are getting a license for your own deals, e&o insurance typically will not cover your own deals.

The big issue here is that the legality of the receipt of out-of state referral fees is entirely permissable if you are licensed in Florida and your license is active with the DBPR and if the Principal is fully aware of the arrangement to pay you a fee this is the important part.

Is there anything I should keep in mind about getting prequalified or making offers in my situation or anything in general?

You have people getting private money at 4%... you have hard money lenders making 15% + 4 pts leading to 20 - 30% returns annually.Are you looking to attract investors who are protecting equity and want a nice solid return... or people who are looking to actively grow their wealth?

What are the hazards I should be aware of if you don’t mind telling me please?

The seller's disclosure here is usually uploaded to the MLS and available to any realtor while the listing is active.

Reno, on the other hand in the heart of the West, offers a more consistent track record-just what you want for peace of mind in your investments.Key Points:1) Reno is holding its own with solid occupancy rates for multifamily properties.2) Across the West, occupancy is more consistent, and Reno fits right into this pattern.3) For a balanced approach to investment, Reno’s stability is worth considering.For those San Francisco, Sacramento, San Jose, Los Angeles investors looking at the big picture, Reno is a smart choice.Source: Freddie Mac Multifamily 

Moreover, as others have noted, be mindful about using the 1% rule.