The first I’d do is that.Second, not sure what “good money” is defined as but if it’s less than 100k per year it’s probably not as good as you think it is.

Now, one could argue that if you removed the financing component from home purchases, the market value of properties would be markedly lower, and I wouldn't disagree with that.

I would set out a contract defining the terms of your payout. 10-15% is not a debt interest rate, it sounds like it's an equity return and has equity risk.

If your managing your own properties that you have a clear ownership interest in .. no licesne requiredif your managing properties for your clients IE collecting rent.. negoatiating leases etc.. then yes you need a brokers license with a PM component.. and you would have to work for a broker for 2 years then sit for your principal broker exam pass that and the property manager component..does not matter resi or commercial.. reason is your handling lots of money for investors and or negotiating contracts state wants those folks to be licensed and accountable. 

Solid point, I used the term gamble but you're right the casinos have captured a lot of the non gmaing crowd too.Would you agree though that Vegas is defined by the strip be it the club or the casino floor people come to Vegas for the casinos.

Most are short on training, and certainly experience, for the last two components.

I define nicely as worth my time.  

I also handled all the paperwork including tax, insurance, etc.The condo was in fair shape, but many of its components were dated.

Other towns to look at include Marshfield (but watch those crime maps - there are hot spots), Pembroke, Kingston, Halifax, Middleboro, WEST Brockton (roughly defined as zip code 02301). 

How is “active” vs “passive” defined?