In that context, a college education is not necessary and probably not helpful.If this were a board full of cardiologists and someone claimed classes on hemoglobin we're useless, you would have a point. 

However, only a "Licensed Real Estate Agent" or Realtor can manage property for others.To be a "Property Manager" get your real estate license, work for a Broker and let them teach you.Do not publish or distribute any business cards, flyers or other material claiming to be a property manager until you are licensed and trained.The title property manager is being protected by realtors in Illinois.

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

But, I do have my number in mind.My concerns are the listing says a quit claim deed will be provided.

Anyone can make youtube videos and make claims that they are making tons of money and they started with 15 cents.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

it was a cluster of epic proportions.I don't think the license issue comes up really with regulators.. its if someone has a bad experience and they sue you the other side is going to claim you sold a security without a license or an exempt PPM of some sort.. that why you see folks going that route now. 

@Thomas S.   10% annual return investment fund return claims are pretty optimistic.  6-7% is a more realistic # to use.  

How many of you networkers can claim the same?