You will want to check local law, but in my jurisdiction an UNLICENSED person CAN do the following:  Delivering a lease application, a lease, or any amendment thereof to any person;Receiving a lease application, lease, or amendment thereof, a security deposit, rental payment, or any related payment for delivery to and made payable to the real estate firm or owner;Showing a rental unit to any person, or executing leases or rental agreements, and the employee or retainee is acting under the direct instruction of the owner or designated or managing brokerProviding information about a rental unit, a lease, an application for lease, or a security deposit and rental amounts to any prospective tenant; orAssisting in the performance of property management functions by carrying out administrative, clerical, financial, or maintenance tasks.The key is in how the money is handled. 

@Mark Holencik what software are you using for the various tasks and are you happy with them?

Hello BP Community, What is the best multifamily deal analysis software available right now? 

Finally decided there had to be a better way so I wrote my own database software and still use it to this day.

Based on the use and definition of the term "deposit" in legal contracts, the modifier "non-refundable" is not applicable.  

PROPERTIES LISTED FOR SALE For a rate and term refinance transaction, the borrower must evidence that the listing has been cancelled, and must not have been listed for sale as of the date of the application.

To get this, you have to fill out an application, pay a fee and have an inspection done.  

I just buy software as opposed to buying real estate.The home prices in St.

Qualified applicants are I believe upper middle class and tend to take care of the property and pay their rent on time.  

But there's a reason it's freely given and it may not be applicable to you, your goals, and the specific strategy you're executing.Real estate investing is a business.