I took an interest in the investing side of real estate shortly after becoming a licensed real estate agent, and it seems like that naturally became my focus, between helping investor clients and being an investor myself.It looks like you have a few investment properties yourself!

Any opportunity is too good for the law abiding citizen, unless he can bring to table millions of dollars , spend 60 hours on some BS course to acquire a license, to have every breath and sigh controlled, regulated, restricted, obstructed and sabotaged.

Guessing that "GC License" more or less equals "Builder License".Then, yes you have to be licensed to pull required permits to develop a property you will not be owner-occupying.

I’m a local investor and licensed agent here in Birmingham and also work in property management, so I’m involved in deal analysis on a daily basis!

An outsized percentage of them are guys who never quite made it in the trades and decided to get their home inspector's license to supplement a not-so-steady income from other sources.

@Ryan FoxRealize if you setup a separate LLC to manage then it’s third party managed and you will need to most likely get licensed as well as additional insurance.

One missed step/license/notification/etc could result in huge headaches down the road if you ever have to evict.

Here in Charleston, in order to apply for the legal residence tax assessment ratio, all owners have to provide copies of tax returns, utility bills, driver licenses, vehicle registration, voter registration, and the settlement statement/CD, along with an affidavit stating that all owners occupy the residence and do not claim legal residence anywhere else.

No bueno....As has been said, get a real bid from a licensed Electrician and see if your budget numbers still work...

Prospective Oregon Coast STR investors are encouraged to be fully prepared for rapid execution and to expand their search to areas that might not be of initial consideration as licensable inventory is increasingly limited.