The unlicensed person may not have the extra disclosure requirements to sellers when negotiating investment deals. 

According to a post or two on BP, apparently other States seem (I can't confirm if the practice is correct/legal) to let their unlicensed assistants take the initial information and chat with clients about properties.Most real estate investing is really a "self employed" kinda of endevour unless you are thinking of working for some sort of investment firm, developer firm, architect/engineering real estate firm (whose day to day focus really probably wouldn't be on real estate).I hope this helps some. 

The reason it was something that you are still going to be successful with is that you have the ability to see what happened, use all that knowledge from the bad experience with an unlicensed contractor to needing more of a spread with the purchase verse the ARV.

He used an unlicensed onsite manager at my property. 

I use non-licensed guys all the time -- in my jurisdiction, you only need to be licensed to do electrical, plumbing and HVAC work (and have a GC license to pull building permits) -- so I use unlicensed guys for everything else.

It is NOT a concern if they are unlicensed.

I'd much rather deal with licensed RE professionals than unlicensed investors when I have the opportunity.

Have you gotten any heat from the state for being unlicensed?

I came here just to research the topic of licensed vs unlicensed and after reading this thread I'm definitely going to take the licensed route.

Also, many of these "agents" are unlicensed and don't have an official code of ethics or standards.