@Kyle Ferguson If financing is your issue, network with a successful mortgage broker who can is knowledgeable about the various products available to you in your area.

You must keep the ownership percentage the same at all times and all income/expenses must be split according to your ownership percentage.Be sure to seek help of a professional who can guide you and structure this correctly so you can avoid violating prohibited transactions rules:https://www.irs.gov/retirement-plans/plan-particip...

Depending on if you want to be a realtor and conduct the transaction-portion of the deals, or rather specialize in other parts of the business, be sure to be specific in where you want to be great and talk to those people doing that line of work.I personally had my license and let it lapse since I instead would rather pay an agent to handle the transaction on my behalf while I look for investors and individuals wanting to partner with me on deals.

That being said, for bridge products you may not need 20-25%.  

 @Carlina BurfordThere's no need for transactional funding in our state because nobody here does double closings (due to the excise/transfer taxes); the wholesalers just assign the contract.Also, there's never a need to pay for a POF letter like @Dustin Frank mentioned... they're pretty easy to come by. 

The products will always speak for themselves and I aim to never stray from delivering such a high level of quality rehab. 

What is your intention with this transaction? 

If you're able to work one transaction per year, the commission from that transaction should more than cover the cost of maintaining your license.As others have mentioned, it's totally dependent on your goals and comfort level.

If you go with fannie or freddie multi family product, a lot of the time the lender deposits can run you $10k or more.You can negotiate a lot lower than 10% management on a deal that size. 

Glasper is strong in several transactions (wholeslale, fix n flip, etc.)