@Melvin List sure, I am W2 employee who make around 150K.

I have a company with 8 full time employees.

I liked the area geographically and for other reasons but once I had confirmation he was renting to nurses, meds and eds, grad students, university and hospital employees with good rent numbers, I was all in.

I do not agree with the OP on reasons for cash flow being unpredictable as maintenance, cap ex, vacancy, property tax, insurance, etc should be thoroughly evaluated and covered in the underwriting. 

Its always good to do your own move in evaluation with photos or video and upload to the tenant file.

Also, happy to help evaluate your property in the Lake Nona area if you think it would be helpful at all.

I think those rules have been in place for a long time.U need to be a broker/dealer and or i have seen RIA do this I think legally. but you do need some sort of license to raise money .. or you need to be principal or an employee

They have no shot, so they incentivize investors with tax breaks.That's why entrepreneurs/business owners receive benefits because they are creating jobs, taking risk and investing in the economy, and employees are taxed the highest because they don't partake in this risk.I'm not saying it's fair, it's just the game, and has been.

Right now I am passively looking at properties, not yet ready to make any offers and polishing my deal evaluating skills.

You do not need to have a license to manage an apartment community.Property management can then be broken down into "annual" property management (normally a unit without furniture), a seasonal rental management (such as 2 weeks to several months up to 6 months) and then vacation rentals (sometimes for the weekend, a week, etc..).Each state has its different rules and licensing for each area of property management (annual, seasonal and vacation) as well as the different areas of management (association, apartment and property).I hope that helps.My understanding is that if you are an EMPLOYEE of the property owner you do not need to have a license; if you provide property management services as your management co owned business or as an independent contractor, then you do need a license.