Property Management Related Questions - Hawaii

[Reed Sasamura]

I realize some of these questions would best be suited for a lawyer, but I figured I'd ask the community in the event anyone could offer some insight based off personal experience.

This is my scenario:

One of my family members owns a few rental properties on Oahu. I also own a property that will become a rental in roughly a month or so. I have a few years of experience facilitating rentals and managing property as a licensed real estate agent in another state (prior to returning to Hawaii), so I'm not a mega-expert, but I have an idea of what's required to manage property.

These are my questions:

1) I understand I need to be a licensed Real Estate Agent (in the state of Hawaii) and under a Broker to manage property for multiple individuals assuming I receive compensation for such services. I also understand that without a license, I can act as an "agent" for someone and manage property for that one person, but no one else. Without a license, could I act as an agent for that one person, AND manage my own rental too? Do I count myself as the 2nd person?

2) I'm not currently seeking a real estate license because I don't want to pay $500+ for the pre-license class (as my other license expired in 2014, so I need to take it again), in addition to the test fee and general monthly fees associated with whatever brokerage I join. What really kills it for me is the monthly brokerage fees and the fact that I'd have to split my property management fees with the house even though it's for my own family, and I'm not looking to do this, nor sales full-time mainly because I don't have the time. Am I correct in my assumption of the situation? Does anyone have any recommendations? Again, I don't plan on significantly expanding my management portfolio (maybe just a few more properties of my own), nor do I plan on doing sales other than what "might" fall in my lap.

3) To limit liability, would it be wise to create an LLC for the "managing entity" that will handle the management aspect of these properties? I know I can't call myself a property manager officially, but I can get creative with the name of the LLC.

4) Does anyone know any good real estate attorneys or investor-based CPAs I could talk to about this?

Any insight would be much appreciated.