- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

Once you hit a certain number of loans (check with your state dept of banking and finance or dept of business regulation), they might require you to have a license.

If I terminate property manager lease for existing PM for rented unit then I end up paying whole year commission of about 1500$. 

They are at year 2 1/2 and now say you "might" get 50% in 3-5 more years.

They converted the garage into a studio and been renting the upstairs and the downstairs on Airbnb for years. 

That is illegal unless you have specific licenses. 

you can't buy land with financing if you don't have the cash to purchase the land you don't have the liquidity to do this type of project. rule number one. we sell 10-20 land plots a year and all of the investors have 2-3x land cost in equity / cash that they can purchase directly. that's before all entitlements and everything else 

We did consider/evaluate that option, and have done multiple flips, but at those points have been under contract since New Year's Eve and carrying costs for another 2-3 months without a guaranteed sale is not the risk we want to assume.

The best advice I can give you for studying for you license is to voice record yourself reading questions and answers on notes cards.

Current situation I have a primary residence in MA and a SFH home LTR in Akron currently on a 1 year lease.