There's an attorney in Orlando who has a great website devoted to this exact topic that is a must-read: https://www.richardhornsby.com/crimes/regulatory/u...It states: "In Florida, it is unlawful to engage in the following real estate related activities for compensation without possessing a real estate broker's license or sales associate license.Advertising or marketing another person's timeshare or property for compensation.Auctioning or attempting to auction another person's property for compensation.Buying or attempting to buy real estate on behalf of another person for compensation.Listing another person's timeshare or property for compensation.Operating as a real estate broker or sales associate without a license.Renting, leasing, or attempting to rent or lease real estate on behalf of another person for compensation...The crime of Unlicensed Practice of Real Estate is a Third Degree Felony and assigned a Level 1 offense severity ranking under Florida’s Criminal Punishment Code.If convicted of Unlicensed Practice of Real Estate in Florida, a judge can impose any combination of the following penalties:Up to five (5) years in prison.Up to five (5) years of probation.Up to $5,000 in fines."

Assuming you don't have any immediate need for the equity in these properties, I might try to refinance both of them into brand new 30yr mortgages at sub 3% interest rates (no cash out).

Last night I cancelled an appointment with a bigger brand hvac company after reading your post and made an appointment with Michael and Sons for today. 

Also no repair costs I think is pretty unlikely I like to budget something just incase unless this is a brand new construction in which case you would not have any tenants in place and still incur operating expenses.

I am brand new RE agent in Fredericksburg, VA.

However, seeing as this is a new construction, I am also not sure as to whether it's necessary to be putting that much aside, since the roof, appliances, etc. are all brand new.      

There’s slowly dying stores right next to brand new ones in the area, one way you drive you’d think the neighborhood is up and coming and another way you’d think it’s about to shut down.

All the big ticket items are brand new: electrical, plumbing, HVAC, water heater, and so are the appliances.

This is a retail development with demo of an office building, build a new single-use international bank branch (5,500 SF), new build of international brand coffee retailer (2,200 SF), a new national branded wine and spirits retailer (8,000 SF), and additional retail space (12,000 +/- SF).

This is a retail project with demo of an office building, build a new single-use international bank branch, a new international brand coffee retailer, a new national branded wine and spirits retailer, and additional retail space.