Required Licenses

Real Estate License: Must complete a state-approved real estate course and pass the licensing exam. Continuing education may be required.
General Contractor License: Requires proof of experience, passing a licensing exam, and liability insurance coverage. Specific requirements vary by state.
Property Management License: Must complete a property management training course and pass the state licensing exam. Some states may require additional certification.

Insurance Requirements

General Liability Insurance: Minimum coverage typically starts at $1 million per occurrence. This protects against claims of bodily injury or property damage.
Workers' Compensation Insurance: Required if employing staff. Provides coverage for work-related injuries or illnesses.
Professional Liability Insurance: Recommended for protection against claims of negligence or failure to deliver services as promised.

Training Certifications

Certified Property Manager (CPM): Offered by the Institute of Real Estate Management (IREM), this certification requires completion of specific courses and a demonstration of management experience.
Residential Management Professional (RMP): Offered by the National Association of Residential Property Managers (NARPM), this requires a combination of education, experience, and continued professional development.
Home Inspection Certification: Completing a recognized home inspection training program and passing an exam. This is beneficial for assessing the condition of vacant homes.

Local Business Permits

Business License: Required for all businesses operating in the area. Usually involves filling out an application and paying a fee.
Zoning Permit: Ensure compliance with local zoning laws. Certain areas may have restrictions on property management activities.
Occupancy Permit: May be required for managing or maintaining properties, ensuring that homes meet safety and health codes.

Remember to check with local authorities for the most accurate and up-to-date information regarding licenses, permits, and insurance requirements specific to your area.