If they get caught again, the state very well may bring 3rd degree felony charges for brokering without a license re: 475.42.

These type of properties, getting an all rented property for cheaper to fix-up later (basically the brrrr strategy) it pays for itself and cash flows are the only properties I am interested in...less work the better but the renovated properties still seem to be out of business model in terms of coming up with the down payment and re-payment strategy of being able to pay it off in 5-7yrs as we don't need the profits to live we just continually pay more principal from the rent. 

6- Also, is it good for a newbie to have a RE license for VA, so that it can help in acquiring houses?

I decided to take an online course to meet the pre-reqs for my RE license.  

I recently contacted a local bank to talk about re financing options but they said in order to refinance the property needs to be owner occupied. 

I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

Finders fees for a RE sale for non licensed individuals is illegal in most states.

I re-read the email just now.

I didn’t sent out the letter yet , I just re-read and I actually miss read the part I can email to them.

This question is for anyone with a RE LLC.