That said, your first stop should be to your state licensing board and/or your broker to ask the legal questions regarding wholesaling as a licensee.

The other dilemma I came across is that I've been reading that you must "hang" your real-estate licensee with a brokerage and I don't plan to work for anyone at the time being and would like to have it for my own personal use without being apart of a company?

A licensee is an agent, and owes the seller either a fiduciary responsibility, or an intermediary responsibility.  

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

He also has a licensee living with him (not on lease) so I want to nip that in the bud now by having him put everyone on the lease. 

Hello there! So I just passed both my real estate exams and I'm so excited. I live in Scottsdale, AZ, and was wondering which agency to go with for the best training possible. Ideally, I would love to find a mentor- s...

In CA once a licensee has taken their exam they're notified of their results immediately. 

They likely know the forms as well as anyone and most are actually licensees. 

I think, unfortunately, your friend made some very critical mistakes that are going to cost him time and money.Here's what I see as the steps to unraveling these egregious errors:(1) Hire an attorney whom specializes in landlord/tenant law(2) Wait for the eviction moratorium in NYS to end (patience will be required here, as we're at 16 months and counting)(3) Under your attorney's advice, carry out an action against this freeloading occupant as a "licensee"  (I think it's called section 425?

Specifically for buying the only ROI for being a licensee is whatever buyer agent commission you might make with on-market purchases.