.- You must disclose to sellers that you're licensed and must have them sign the Mass Mandatory Licensee-Consumer Relationship Disclosure the first time you meet anybody to discuss a specific property.If your real goal is investing, I'd consider not getting licensed.  

I'm a new licensee and working on reciprocity in GA because of close proximity.

If the licensee makes the office aware, prior to an examination, that the licensee no longer meets the net worth requirements, the mortgage lender shall have 120 days within which to satisfy the net worth requirements.

I recently just passed the CA licensee exam and I'm looking to receive my license soon.

The larger ones will employ their own licensee, either at their own brokerage, or at a 100% brokerage.  

Is it legal to hire a non-licensee to manage the property? 

My smaller market area already needs one or two more appraisers and two of the other three are already in their late 60's.The state board freely admits they have a problem with the licensing process that is going to make a massive state-wide shortage, because licensees must spend at least a year under another appraiser.

Test fees, new licensee fees, office fees, pre-licensing course, finger printing fees, realtor dues, MLS dues, continuing education requirements, ect... it all adds up.  

BTW, some of the other scenarios you mention would get a licensee tossed from the local association and NAR.

The license will, however, have some advantages for networking with other licensees.