In many states these types of loans require NMLS to be legal .. are they only working in states were no license is required and do you know or do they know what states they can do this in? 

following.The most I know which is not much but through getting my license.

I am planning on obtaining my RE license in the next few weeks and wanted to know what the pro's and con's were of getting my license and running a great wholesaling business.

I'm a licensed RE agent and i have a membership that is paid through my brokerage so I have access to list properties for sale.

Hello BP Family,I'm a new investor thinking about getting a real estate license. 

@David Bennett thanks for insight, I use to be a realtor but I plan to renew my license in the coming months.

Most of them come into REI with the consumer's mindset of "I can save money if I DIY", even though few of them are qualified / licensed professionals in any of the skilled trades nor are they qualified financial, legal or business professionals.

My name is Stephen Kiser, I have been a licensed real estate agent for a total of 2 weeks now and have had a handful of showings with no offers.

Mailing address, address on your drivers license etc.

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.