Business license in NV?

[Oliver Martin]

Here's another newbie question. If I have 5 rental properties in Las Vegas but I make less than 66 2/3% of the average annual wage, do I need a business license? Also, could someone explain the 66 2/3 % of the average annual wage rule for the business license exemption? I'm close to getting my 5th rental and wanted to make sure I am following the law. Here's the link where I got this from. http://nvsos.gov/index.aspx?page=273#383. Thanks in advance.