Welcome to BP,I am licensed and as a newbie the education thats available to you really helps with the learning curve in my opinion.I would say definitely vet the brokerage you choose to hang your licensed with and if they offer any classes,also the fee's can be pretty steep so make sure you work that into your budget.....good luck!!!!                              

To answer your question, all property managers whether commercial or residential, that are managing a property they do not own themselves must be licensed and either hang their license with a managing broker that has a property management division or be a managing broker themselves and have their own PM company.

That said, a solid performer like you have is never a bad thing to hang on to for cash flow. 

Is being required to have an office where you hang licenses combined with insurance you must carry the two biggest costs?

But wouldn't that essentially translate to folks making several million dollars a year hanging out on an internet message board?

Yeah, definitely think of how you can be of value to the investors you seek out also.Investors definitely are more person-to-person but hey, BiggerPockets wouldn't be around if investors didn't hang out on the net as well.

If it was that easy, I'd just take the simple test and hang my shingle out underwriting seller financed notes for everyone!

Just as an example when you go to a food store and they have the hanging scales so you have an idea of how much you are buying but they say not legal for tender.. those scales are $300+ and they are not repeatable to bill you on.

Hi Michael,BP is a great place to learn, so hang in there....cuz there is a lot of stuff to learn....living paycheck to paycheck sucks and you are right to try and change your situation.  

After you get your license you must hang it under a broker for 2 years before you can be on your own.