You do not need to have a license to manage an apartment community.Property management can then be broken down into "annual" property management (normally a unit without furniture), a seasonal rental management (such as 2 weeks to several months up to 6 months) and then vacation rentals (sometimes for the weekend, a week, etc..).Each state has its different rules and licensing for each area of property management (annual, seasonal and vacation) as well as the different areas of management (association, apartment and property).I hope that helps.My understanding is that if you are an EMPLOYEE of the property owner you do not need to have a license; if you provide property management services as your management co owned business or as an independent contractor, then you do need a license.  

House hacking can be a powerful strategy to build wealth and financial independence. 

I have been passionate about building wealth and independence for years and decided to get my real estate license in early 2023.

This method is less a way of analyzing independent deals and more about comparing markets. 

If I don't need to report, I heard I may get audited at the year of sale.

Thank you,BradIt is very difficult to qualify as a rep without managing your own portfolio .You may find someone to do it(cpa) but it's a good way to get audited. 

You can learn to do this independently or get a rockstar REALTOR to lead the way.

This is sacred to many voucher tenants as it is often the only avenue allowing them to live independently.  

Signatures and Legal Advice: All parties must sign the agreement, and each party is advised to seek independent legal advice to understand their rights and obligations fully.SummaryThe hours you spend creating the agreement will likely save your friendship and legal fees.

With a big fire, it might totally be worth hiring an outside / independent adjustor to review their adjustment work.