If you are not a licensed entity without a managing broker you cannot: write ads of properties (owners must write ads), you cannot negotiate leases terms with the applicant, you cannot collect rent in office (regardless of whether it is made out to landlord), you cannot operate a trust account, and finally you cannot enter into contracts for services (i.e. hire a plumber, lawn service, trash company) on behalf of the landlord. 

I don't know how to respond to each individually so, Roman M.   

I have done property management for two individuals and when the last one sells I will be done. 

The cash-flow is still there, it depends on the individual deal and property.

The blanket mortgages are typically taken out to cover the costs of purchasing and developing land that developers plan to subdivide into individual lots.

An example of hard money is typically an individual who you do not know, who has money to lend but who is not a bank.

If you want your LLC to be a bona fide LLC, revenue must enter and expenses paid out of the business account.

I have years of experience in working in different aspects of the real estate industry but am looking to enter the realm of investing for the first time.

I have entered into a partnership with a local investor in my hometown.

The actual individual who makes the decision on what to invest in..Referrals are appreciated