My state DOES require all property managers to be licensed and that process is not easy to achieve.However, you may not need to be a true “property manager”.

Does this mean that that mortgage company would be my employer, or would I still be looking for a job after the process is complete?

Obviously I've rounded the edges of the process and simplified it a fair amount, but you get the gist.

Note: I am not a compliance attorney, and there are more details to this process, but ultimately, you should not be able to invest "tomorrow" with a group you just learned about as a non-accredited investor.

The Realtor.com data for January 2024 showed that the active inventory of homes for sale rose 8% year-over-year to 665,000.

@Nate Wilson I didn't - the reason I wanted to get involved was because I knew individuals who wanted to lend but didn't want to go through the process of finding deals to lend on.

If you have the right people to help you in the process and that will offer you transparent and honest communication, along with all the pros and cons associated with the marketplace, then it can be great.

The owner of the property has asked me to manage the process.

They will look at the area and if others have gone through the variance process.

What we do have are data points i.e. pre-foreclosures, foreclosures, vacant properties, divorce, probate, absentee owners, etc. that COULD be an indicator for a motivated seller.