@Buddy Holmes It's more strict if you're licensed.

YOU still have to give proper notice,, NO way can you do this the way your thinking,,Download your state landlord tenant laws so you can operate this business properly,Get a copy of their current lease,, IS there a clause that says,, it will automatically revert to a month to month term if not renewed for a longer period..IF so your fine,, you'll just give them notice of lease terms changes the next month,, they don't need to vacate if you want to keep them,, you can give them a heads up what the terms will be, you can suggest it would be nice to start off with a new lease, but understand they have a month to accept that new lease or give proper notice to vacate..It's not that it can't be done,, it has to be done the proper way..

I’m a licensed realtor and investor here in NM and I’d be happy to help out. - Ben

In my case, the best play in football question where the coach needs a license and a CPA & law degree to be able to answer!

I am a passionate investor and Licensed Broker based in Telluride, CO. 

They are also NOT licensed to broker real estate.

Therefore, I am at a lost as to when should I apply for the license.

I just need the proper education.

When I talked to them about a construction loan they are willing to take the purchase price of the land (not the value) along with construction costs (per licensed contractor) and lend me 70-75% of the total cost of land + construction.I am facing the same scenario on an apartment building I've been looking at.

@Rebecca Pierce you need a real estate license to manage a property in Kentucky from someone else.