Quote from @Michael Nelson: I have a few deals coming down the pipeline and want to free up as much capital as possible.senario property appraised value 430,000amount still owed 220,000 Maxing out your LTV is going to make your rate go through the roof and may compromise your ability to max it out. 

This year will also test the U.S. consumer's ability to continue spending.

There actually was a bill to extend it at 100% through 2025...this episode did a good job of breaking it down though I'm not sure if the final decision has been made yet.

Having the S-corp also helps with "real estate professional" status and could potentially give you limited active income for specific write-offs and an ability to contribute to a retirement account.

You'll have a great start in the real estate business with your abilities and desire to learn.

Also there is ability to increase rents by 30%.

Your either going to beat your head on the wall because of the debt and stress about it making money or stress that you paid all or a substantial amount of your cash when you go all in. i understand this will be unpopular for a lot of BP viewpoints but it worked for us, we own 2 STR that we owe nothing on now and purchased both for 670k and have a real value of $1.2-1.3mm. it requires you to put a lot of your cash back to your reserves but you have it all to do it with.Personally we believe in ourselves and our ability to pick high producing properties(that is the very first and foremost consideration) then we went all in and never looked back, 2 years later bought our second STR with mostly cash. 

- How can I use my real estate license as an advantage to the best of my ability?  

I'm a software engineer diving into the real estate world, currently working as a software engineer at a real estate company (just a coincidence), in my position as a software engineer I'm doing a lot of cool AI stuff, that gives me the ability to build and create tools for myself to find deals (maybe will share about it later).Currently, I've got one property in Toledo, Ohio, that's currently rented, and I just bought a new one in Cleveland.I'm here to soak up knowledge, connect with folks from all corners of the globe, and share what I can.

The most important skill of a good wholesaler is the ability to find off market deals.