An MLO license and NMLS registration are required for all consumer-purpose real estate loans in every state.Of the 18 states (not 12) that require a license to make a business-purpose real estate loan, the purview of most P/HMLs, most do not require an NMLS registration.

If this is your first property I would start smaller and learn the business.

My goal is to start wholesaling then build a 500+ door business.

I have had good luck with Zillow leads and networking in town with small businesses.

I'm shooting to create enough passive income in the next 5 years so I can sell my current businesses and refocus my energies on creating a comfortable life for my wife and I.   

Hey Steve,I knew a guy whose entire business was getting plats like that ready to sell to a developer who would come in to do the build.

A business partner and I pooled out money to purchase this home in cash (not hard money) from a wholesaler.

Filing insurance claims is the cost of doing business in real estate and if you can’t afford a rate raise maybe the investment you own is not really a true investment…What have been your experiences with this?

My long-term plan is to have an arm of my business where I develop (and maybe one day build) my own designs to complement the traditional client-led projects.

The only two things I see you could do would be either to owner-occupy or to shop around to other lenders who need your business.