I just completed my 20 hour course for my Illinois Mortgage Lending License and the final step is taking the state exam.

WA requires no license OR does so its not uncommon for a WA lender to jump into Oregon not knowing they need a license.

I'm sure this was definitely a thing that was achievable in the COVID years...So the 2% rule seems like it would get you a lot closer to your mark than 1% in today's interest rate climate.1% really does seem like a unicorn.Now - here's the nitty gritty.

@Nida Kazmi   So it has been about a year. 

Fast forward a few years we are we financially free via house hacking and owning small businesses (leveraging our house hacks as collateral). 

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

You're going to have other trade offs like higher interest rates, shorter loan terms (like 3 or 5 years) and maybe more lending fees. 

Quote from @Yianni Hahalis: I'm looking to move to Cleveland within the year and get my foot in the door with real estate.

We modeled every new build in our market every year and find that it's exponential growth as you build smaller your returns go higher and I would guess it's the same for existing. please comment on your market and trends if you've seen similar patterns anywhere in the country.

He must have spent gobs of time and money every year maintaining the books and the structure.