If you decide to pursue this option be sure to EXPLICITLY spell out how the maintenance of the buildings will be handled as these types of facilities tend to be hard on property from my experience.

They may have been introduced to wholesaling as a low-barrier entry into real estate and never considered licensing as a viable option.Why Getting Licensed Could Be Beneficial:Access to MLS: Licensed agents can access MLS listings, making it easier to find deals and run comps.Credibility: Being licensed can increase trust and credibility with sellers and buyers.Expanded Opportunities: As you mentioned, having a license opens up the option to list properties traditionally when wholesaling isn’t the best fit.Legal Clarity: Licensing helps clarify what you can and can’t do, reducing the risk of running into legal issues that plague unlicensed wholesalers.It’s a balancing act, but for many serious operators, getting licensed seems like a logical step to expand opportunities and ensure compliance.

I had few options so our cost doubled.  

All of the things you suggest are options to the beneficiaries. 

Must be able to handle all typical investor transactions (assignments, wraps, lease/options, etc.).

Then, we would move on to another house and repeat, either keeping the former house as a rental, or selling it on a lease with option to buy arrangement.

Hi Allen, that’s an exciting position to be in—$500k gives you a lot of options! 

Focus on strategies that align with your needs, like turnkey properties, build-to-rent options, or small multifamily buildings, especially if you prefer less hands-on management.

I'd be happy to discuss whether or not this would be right for you if you're interested in a lower-interest option vs. a HELOC. 

There are numerous paths to wealth in this country; they can't all align with your goals.