I recommend you do this annually to adjust for utility increases and other variables.

Despite the storms in W FL we are seeing YoY rate and occupancy increases 24-25.  

We believe that we are lowering risk, increasing the average expected return, and leaving the upside unchanged.   

Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt TypesMay 14, 2024

Follow up with an email to the agent and bullet point your case, which increases the chance that the owner will actually hear them7.)

What is your Annual Rental Rate Increase look like?

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.

Rents , cash flow and appreciation increase over time. 

the key thing for a BRRRR is: can you increase the ARV significantly enough with the rehab?

It is amazing how many times I have seen the cash flow represented as rent - PITI and to compound the issue they did not realize the ADU would increase their property tax.