Don't know if anyone mentioned this already or not, but check to be sure your RE license will allow you to manage property on a commission basis for other people without a CAM license.  

Anyone out there tried Cam Dunlap's REI Trifecta? 

The wife would like to keep one "revenue stream" revolving for one asset.

Lets face it, you would need to have an established history of actually making money before you could get a credit revolver like that from a bank. 

My goal in getting a real estate license not revolve around getting a commission from my friends and family, I was simply curious about the logistics of the license and what regulations surround it.

Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans. 

I plan on putting CAM on the tenants.  

HELOCs come with the advantage of being an open-ended line of credit that can be used as a revolving line of credit.

Mine will be more of a planned community revolving around tiny houses, but would love to learn about the business model itself. 

A noteworthy tax loophole, particularly beneficial for those yet to attain Real Estate Professional Status, offers a strategic approach to potentially offsetting OR EVEN ELIMINATING the impact of high job-related taxes.At its core, this tax loophole revolves around discerning between passive and non-passive activities within the realm of rentals.