The appraisal came in at 490000k arv and the comps pulled and increase in home value since a year ago shows the property at around 515000k.

I own 4 two/three flats bought between 2013 and 2020 in Forest Park, Illinois, at low interest rates and prices in 200000's  They cash flow nicely and prices have increased a lot. 

These modifications are carefully crafted to incorporate ADUs seamlessly, aiming for a delicate balance between increased urban density and sustained neighborhood character.

Planning on increasing my daily budget to probably $25/day and maybe adding in another state for $10-$20/day too.

the key to a BRRRR, whether it's going to be an STR or LTR, is this:distress.you need to find a significantly distressed property, such that you can increase the ARV via the rehab. 

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.

Quote from @Noah Wright: No, but here are some ways to increase ARV most dramatically:1.

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

It’s worth considering the trade-offs between the stability of income and the increased oversight and hoops you'll have to jump through.

House hacking is a financial no-brainer, it eliminates you single biggest monthly expense, so you can increase your savings rate.