Summary: I’m currently working on a project to analyze rental market trends and help real estate investors, landlords, and property managers identify high-performing areas.

That being said the main issue with leverage is being over leveraged.

Quote from @Joshua Kaufman: I'm having an issue with rent collection from a commercial tenant.

@Craig Oram this is a common issue.

Crime and drugs still an issue, but getting quality tenants has not been a challenge... so far so good.

to be clear - lots of other issues, lots of other challenges, and BRRRR is difficult right now with interest rates so high. 

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.

@Tyler Speelman, A 1031 exchange solves the tax issue. 

I have issues with numbers all the time here, mostly to do with impending property tax increases, so it would be nice to know this too.

dont over think this its not that complicated. important issues are.1. cost of capital2. knowing what a deal is or is not.3. good reno crew or contractor  4. good agent that will tell you straight what its worth when done and what level you should rehab to.5. a market that is actually moving napkin math works  trying to drill down to decimal points does not.