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.  

Is it easy to learn and use by your employees. 

Quote from @Brandon Foster: I love the idea.

(iv) An employee, officer, or member of the mortgagor or trustor.

They have no shot, so they incentivize investors with tax breaks.That's why entrepreneurs/business owners receive benefits because they are creating jobs, taking risk and investing in the economy, and employees are taxed the highest because they don't partake in this risk.I'm not saying it's fair, it's just the game, and has been.

I'm 24 years old, live in Dallas,TX and I make 70k salary a year as a W2 employee.

Quote from @Dave Foster: @Daria B. those types of metrics will be treating both the cash from the 1031 and the cash from you as inflows. 

Listen to @Dave Foster and 1031 those two buildings into a multi-family building. 

(Get a QI like @Dave Foster involved BEFORE the sale.)

@V.G Jason Do you manage properties for 3rd parties,  have employees who perform management functions on behalf of your own portfolio or is the management company used for any other business activities such as construction/maintenance?