If you hired an unlicensed PM then good luck ever getting that money back.

Be very sure you are only engaging in activity that is legally allowed by an unlicensed person.There are a ton of different real estate classes out there trying to take your hard earned money in exchange for their "education". 

Do not pull permits and work with unlicensed, uninsured subs.

You can do it if you are unlicensed.

Hard work determines success.A lot of people seem to think wholesaling fits your bill, although it looks a lot like the unlicensed practice of Real Estate to me.Really, in almost any field, to make good money, you have to be good at what you do. 

Hire unreliable or unlicensed contractors to perform your repairs.

Our attorney there recommended that we register our LLC to do business in IL and that would cover most issues.Licensing and compliance can be tricky things and you have to evaluate the risks and necessities of being licensed vs unlicensed.

Alex,I would not used an unlicensed contractor.

This is a true wholesaler otherwise all they are is a unlicensed real estate agent under the radar that is looking for a quick buck without the creditability.

Ask the realtor if you can become an unlicensed assistant.