Would having the license help me save money or gain more control over my projects?

Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale.

The three ways to handle the risk are (1) gaining knowledge and experience in both investment in general and in the area you’re investing in specifically (2) extensive due diligence and when the inevitable bad outcomes occur despite (1) and (2) then (3) diversification.  

It's always best to start local and then gain experience as you go through the motions as a new landlord. 

Primary residence capital gain $250,000 exclusion.  

I've heard 10%-20% is the average net gain but I just want to be more clear about it. 

I’m excited to learn from your experiences, exchange ideas, and contribute to discussions as I continue to grow in this space.Looking forward to connecting with you all and gaining valuable insights along the way! 

I do recognize the value and potential for great gains in doing a fix and flip and it is definitely on my radar.

If you're able to get tenants paying over market rents, you can also gain a lot of interest because of the heavy cash-flow. 

If you can do a renovation loan with 203k or a homestyle loan to house hack a 2-4 unit multi-family, that typically has the highest potential for equity gain with the lowest cost.