In addition, your ownership typically has a debt like component where you as the investor are paid a certain percentage before the sponsor gets anything even though they own part of the asset.

Have since dropped the price to align with the market and have had two contracts, each falling apart for different reasons. 

You will have to determine the per unit allocation based on the remaining expected life of the building and its components.

Fundamental goals and purpose between the owner and PM are not aligned.

I rely on him heavily to provide me with the best options for not just meeting my immediate goals, but to make sure the plan aligns with my future long term goals as well.

Get creative on aligning the incentives in both your favor and managers favor.

But to my knowledge, as long as your license is: in a reciprocal state, licensed and in "active" status, then yes, you can receive equivalency status for the main components that make up the requisites for sitting for your HI broker exam (Prelicensing Education, Broker Experience, Uniform Section equivalency).

We are in the planning stages to align everything to begin renovating our first condo or single-family residence.We have found a company to partner with that will finance 100% of the purchase price of the property, and all rehab costs, but for the first project, we must input 10% down into the transaction and have a minimum amount of cash reserves for working capital until the property is sold. 

Marketing is the biggest component in that...

I totally agree that estimating the ARV properly is one of the most key components, which is why my first call was to a very established, investor friendly, real estate agent that has been in the business locally for almost 20 years.