Been predicting this for 3 years now.Now mark my words. 2 years from now you will se people saying.."

Sorry for the mistake, Joe is right the ownership is transferred and not sold per se.

I was not concerned with profit per se.

I've never bought into the whole be a rich REI with no money or credit with very little risks.After 5 years of keeping my head in the game, now, I'm more experienced, per se.

Since I have never did a campaign I sort of wanted to take a "test drive" per se and get the hang of things before I spent more money out of my budget.

This thread has definitely run away, but amazingly still on topic, most of the time.Anyway, getting a license in my opinion is the best option, unless you do one of two things, if I followed the findings/advise on this thread correctly:1) Buy outright and then resell, (L/O, Wrap and Subject To was also mentioned but doesn't require purchase, per se), as in flipping.

So I'm not talking you out of it, or into it per se.

I live in KC which is a great market for long term rentals and multi but short term rentals in KC doesn't excite me. 3 hours SE of us is Lake of the Ozarks/Branson which are beautiful and perfect areas for it.

So the options are: You are a GC and are self managing, you are hiring a GC to manage, You are self managing and hiring your own subs, you are managing and actually performing the work.2) As far as municipal inspections go, you always need to pull a general work permit per se if you are going to be demoing and then doing an interior finish. 

Also worth nothing that managing your own properties means you're shifting passive income not subject to SE tax to active income subject to SE tax.