I get the benefit of the whole "swap til you drop" theory, but I (hopefully) have 50 more years to live and don't want to be carrying these houses forever.

If your concerns are that TLC will not be redeemed and you do not wish to become the proud owner, then that's another matter. if your concern is to leverage limited funds, consider creating and swapping options on equity.

I've had hundreds of clients own notes personally or with their IRA and never come out of pocket a dime if the borrower stops making payments - we've just swapped them to a performing note.  

If for some reason, you experience another problem, I am going to swap out the wall outlet with a new one.Please accept my apology for the email that I sent to you last night.

In Dec 2015 I closed a 500K loan with 8 Milwaukee properties....Stated income for a new LLC..through them.I am now placing another such portfolio of 13 properties in Dekalb and Decatur counties (Decatur and Atlanta) and these are my findings....B2R is no longer the cheapest as they price off the 10 year swap rate...so you will end up at about 7.75 - 8.5%.

For instance, if you have enough cash, maybe you buy grandma's new place and swap.  

i don't know why the spamming drives me so nuts, but it turns the forums into a bad swap meet.btw, while i'm writing this i'd like to thank ryan webber, all cash, and a couple of other guys that have really put in the bulk of the solid info that i refer to.

The first hardwood I swapped out was when i first bought in 07.

I live in Richardson, TX and had an HVAC person who literally lives 4 streets away from me, charge $800 to replace the compressor (which was under warranty, so he swapped it out at the dealers warehouse).

To directly answer your questions: 1) No, you probably don't need a gc license if you're just doing general repairs on a single property you own because that single property is treated like your home -- so feel free to repair walls, carpets, paints, swap some plumbing, etc.