These folks do not need to be licensed but there are limits on what they can and can't do, and they have to be salaried employees of the owner or report to a licensed property manager.

Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.

What are the limitations and benefits?

You have a limit if it is an ADU.

Living in one of the units is a great idea when starting out so you can limit your living expenses.

It is a great tool for buyers with limited resources who are just getting started.

If I understand correctly your siblings goals are to sell their rental properties, use the funds to purchase a primary residence they'll eventually move into, and limit their tax liability correct?

Maybe its just a blip, but I'm hopeful that we'll see population increase in the city limits sometime in the next few years.https://www.cleveland.com/news/2024/05/clevelands-population...  

You don't have to do anything with the money and there's no time limits or anything.2.

Like you said, I want to seed different strategies I can implement with the limited capital I have.