They approach real estate from a more conservative approach, but if it works for them, there are likely lessons to be learned.

Best lesson I could have had when I look back on it.

Tons of awesome information, success stories, and lessons from others mistakes and bad luck.

(ah, the lessons learned from failure...)Question 1 - What can an unlicensed person do as far as property management goes?

I had a situation where I did over and above my job, I kept everything clean making sure if I ever needed any time for a personal situation being my child was sick and had to pick her up I always made up the time over and above the time I used to get her to care to get back to work, I clocked in later than so arrived I clocked in earlier than so left everyday, I always gave more time, I took less lunch time than everybody else, I appeared blameless in every situation, I had a witness everytime if I had to deal with any money, then like a previous post in here, one day my boss grew fangs when I made a mistake that was completely fixable and abused me verbally put of the blue and so resigned and worked out my final weeks with my head up coz I knew and so did all the other staff that I was blameless and I learnt a valuable lesson to keep your relationship professional no matter how everyone else functions in the workplace, the fact in this situation was my boss was jealous that I got results out of the staff, which is silly coz that was my job, to manage them effectively that they would produce!...

@Garrett Anderson  unfortunately you are getting a lesson here that your paying for. 

Had I used $43k for both properties above, you would make a little more on Watts and lost a little less on Costa Mesa, but the point would be the same.

People tend to remember the painful lessons better than the easy ones.I see a lot of good advice here, but then I see you saying, "Yes, but that's not what I WANT you to say."

The lesson learned has been invaluable, but I'd like to avoid taking a $5000 loss if I can. 

@Micah CopelandThanks for the response....I do/did, but I kind of blew them off since I had a buyer agreeing to asking price. (1st lesson learned).