4) each state has different rules, it will be a state by state answer.5) if you are operating the OM company as an LLC, then the LLC needs a designated Broker and the Trust account is maintained in the Brokers name. 6) In Texas there isn't a P<m specific license, it is governed under the RE License.

@Scott BridgehouseUnless the lender stipulates differently in their documents (like VA financing that requires owner occupany for the duration of the mortgage), 'owner occupancy' requires that you move in within 60 days and retain it as your primary residence for 12 months. 

Because than you will realized that working with different people in within Anderson, they don't necessary see your tax situation eye-to-eye. 

.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

I’ve thought about a million different models but the truth is even if they make sense in theory I’ve come to the conclusion they may be too convoluted to explain, so I will try to keep getting 2.5-3% and if I have to cut commission to gets deals done I’ll do that as well, but I think paying some percentage to sell a home is probably here to stay just possibly at a lower sometimes.

The money on paper may look good on some of the cheap homes, but the reality is often very different.

I am not an attorney (advise you talk with one) and this is what can be done in Illinois, Texas might be slightly different. 

I believe a PM and STR have different management fees as the job is more hands on and involved.

I am taking a loan of $280,000 but for some reason, the lender I am talking to is charging me about $6800 of lender fees in the closing costs quote that he provided, along with other overpriced charges that I have not received when I got a previous loan from a different lender in California.

Hey, I have many different ideas for you:1.