There really is no downside, the only reason I've heard for people not getting licensed is that they don't want to have a governing body to answer to.

Hello...I am new to this forum. Live in SoCal and have been investing in SFRs mostly and one Multifamily since 2009. I have sold most of my investments due to capital appreciation (yes! I did pay pretty hefty taxes bu...

I have a commercial real estate agent and engineering firm at the ready for all of this.The biggest wall I've hit is rounding up the remaining capital that will be needed to pull all of this together.

Downside is that no one knows when crash will happen, so the cash drag can crush your overall returns. 

My biggest fear would be that you release that and something happens. 

At the end of the day the biggest risk you face is losing your earnest money deposit when your offer gets accepted, but you shouldn't have to risk that because your lender is too lazy to look at the location, condition, ARV and proposed price for the deal

I guess my biggest hurdle in factoring this out is the fact that i already has purchased the property and have a mortgage. i think i have all my numbers that i need but its just calculating the ROI.

Dealing with contractors was our biggest challenge.

If you are referring to obtaining a refinance loan after your rehab, then your biggest concern would be that the bank could require an building inspection. 

Dealing with contractors was our biggest challenge.