That said, even 5 years ago, $20 an hour seems cheap by CA standards for a real PM with experience; Unlicensed or not.This is a good question though and one that has been asked several times here on BP.

How can we approach these as unlicensed investors, if at all?

A licensee on inactive status may not perform the acts of a licensee for a fee for a licensed individual or company or for an unlicensed individual or company.

Other trouble is when a wholesaler who is unlicensed, is assigning the contract, and collecting a fee for brining buyer and seller together which is brokering without a license in most states.

The other typical avenue is you double close where you actually buy the property and immediately resell it, in this case there is not even a semantic slippery slope since nobody can argue you are acting as an unlicensed agent if you actually take ownership of the property.If you tell someone that you will sell their property for a fee and don't have a license you are most likely breaking the law in any state.

I also have concerns about unlicensed activity and will be confirming that today.

In addition where many of these folks live there are NO GREAT PROFESSIONAL management companies.. there are bunchs of unlicensed little managers trying to get in the business.

You should be careful...it's not legal for a licensed agent to pay an unlicensed person for a referral.

This is not a violation.We can also have Unlicensed assistants as long as they do not performed duties defined by the local law.

Of course they can't call themselves brokers because they're unlicensed and it would definitely be illegal then.