@Kyle SmithPlain and simple/ If the local jurisdiction finds out you’re doing this work with an unlicensed contractor and not pulling permits, besides the potential for being fined, they can also make you remove all the work, and put it back to its current condition, or force you to pull the permits, use a licensed contractor and open up all the walls for them to do the inspections.

Hello everyone, I am a new here and looking to get started in real estate investing in Milwaukee, WI.  I understand that you are allowed to do your own electrical work on your primary residence, however you need a lic...

So that alone very much limits the services an unlicensed arbitrager can offer an owner and lowers the value that they can bring to the arrangement, while staying within the law at least.

Plus it was annoying dealing with contractors who basically operated as unlicensed PAs. 

If not a license then find an active real estate agent in your market and see if you can become an unlicensed or licensed assistant.

GONE are the days in IL and Chicago of unlicensed middlemen making fees bringing two parties together or pimping contracts..

It is the unlicensed giving of advice or practicing of law.  

@Frank Bonzai Be sure to check out the laws on unlicensed wholesaling in your state.

If you pull permits and they notice unlicensed work, that is when this could be an issue.

Basically an unlicensed plumber masquerading as a licensed plumber.