I don't like residency in principal.

The administrator certificate proving she is the administratrix, a discharge notice for a junior lien. mortgage statement says:unpaid principal balance: 121kunpaid advance: 3kescrow balance: 15kI checked the public records and confirmed that there are no other liens and that a pis pendens was filed In April of this year. 

The different accounts allow me to track expenses like mortgage interest payments and principal pay down.

Developing a solution for an operator is not cut and dried:The state or states you operate in will make a difference;The size and number of loans you are capable of, and willing to, produce will make a difference;The type of loan - real property or chattel will make a difference.When people contact our consultancy for help like this, the very first thing we do is sit down face to face with all principals and ask many, many questions before we make any concrete suggestions, or start jointly planning strategies.

If your license it wouldn't be a big deal.If you looking just for sellers and I get the contract so that you could sign the deal and act as a principal then having a license is less important.In Ohio and Florida having a license doing massages in general I believe is really helpful.

Institutional or corporate appraisers for inner-office work, some commission from your principal would be fine, but not paid as an independent.

A 1031 exchange can be a good way to delay it even further but eventually you'll have to pay it back...unless you die first.I typically ignore principal pay down and depreciation when calculating my cash flow to be conservative.  

Just remember, at least in Texas, a license holder acting as principal and accepting a portion of the commission must disclose this to all parties.

You could have a principal or "key man" incapacitated, what is a reasonable time to cure management problems?  

That, and ethical issues of disclosing someone as the principal who isn't, which could be another legal matter in your state, I don't know, agents have a duty to disclose agency relationships unless instructed otherwise, in which case they will then disclose to the listing agent that they have an undisclosed principal.