In Mass, you wouldn't be able to get financing with an illegal unit.

Some of the multifamily in the downtown area took a hit because of stay Alfred and the mass exodus of students from SCAD.

Very interesting about the Mass. law - so you can't charge any other fees than a lockset fee? 

Is it even a viable strategy to be small scale PM or is the money in the mass numbers ?

In a perfect world the masses in the industry would do X,Y,Z but I deal in the real world how things really happen.

If you end up getting your license, you will be paying quarterly MLS fees Depending if you go NH or Mass- the state requirements may be different- in Massachusetts you take can take the 40 hour course all online, in person, or a mix of both- the exam is 80 national and 40 state questions where you need 70% to pass on each portion  

For example, send out mass mailings to out-of-town landlords sounds like a good idea.

@Kevin Wiley I responded a little in another post, but I just don't see a mass exodus (I am a Houston import and won't be going anywhere).

Critical Mass [4th largest metroplex]  and a business climate that allows for quick and efficient evictions and nothing that looks like rent control.

We're 7 or so years into a massive boom, so we're due for a correction.Do you suppose those cycles have anything to do with 7 and 10 year marks bankruptcies leave on credit reports affecting both rate and ability of masses of people to purchase homes?