Or we rent for long term (+25yrs) and pay full amount of cap gains tax when selling anytime after the 3yr Mark, which would be a meaningful tax hit.If we sell - plan would be to reinvest out of state in a few properties and Put our cap gains tax savings into the market.I’m not sure which direction the math supports.

It is this program that really sparked my interest into this type of 1st lien HELOC program. 

It will spark conversations with people you didn't even think would have an interest in your services.You may be able to find a deal or 2 within your own sphere of influence.I see that you're a school principal so as long as it doesn't conflict with your position, I'd imagine that you have a lot of folks around you who trust you and your judgment.

That said, some of the following may be controversial and might spark some debate:-In TX, Curbio secures loans by a Deed of Trust against the property and recorded in the county.  

@Allen LiMark Kohler's book had a more "meaningful" message about it being an extra layer of defense. 

My hurdles to overcome before making my first investment include figuring out financing, learning to understand the market I am investing in, and developing an understanding of how to structure partnerships and/or syndications.I am looking forward to making meaningful connections on bigger pockets, and digging into the forums and educations materials available here.

My 3BR rents range from $1,425 to $2,000 which shows why it is almost impossible to give you meaningful rent data without you being more specific.At this point, I wouldn't discount the online systems such as Zillow so much.

You sparked my curiosity, what are some of the (high level) regulations and requirements for a broker?

About two weeks ago something re-sparked my interest in wholesaling, and eventually rehabbing real estate.

Currently all my income properties are local but I'm interested in North Dakota (relatives there) and Texas (lived there for 5 years).Would love to chat with anyone with similar backgrounds and especially people in Reno/Sparks and people with experience (good or bad) investing in out of area properties.Cheers,Ken