Having your license opens many doors that you wouldn't otherwise have such as earning referrals, gaining access to real estate tools that you may not be able to without a license, and you can become a trusted resource by obtaining other certifications that are only available with a license.

Here's a more substantive article on it: https://www.investopedia.com/t...If each of you is financing the property equally, that shouldn't be a concern whatsoever.

For example, if you have multiple LLCs with different EINs, they would only collateralize the assets under the specific LLC that obtained the loan.

During the 2+ years living here and rehabbing the property I gained an interest in Real Estate Investments at which point this house was sold to obtain a BRRRR type investment property.What made you interested in investing in this type of deal?

@Chaz T Johnson sounds like you have the right scenario, having your spouse qualifying as a real estate professional.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.

. - I haven't seen much of a slowdown at all in obtaining tenants.

Is it possible to obtain a heloc if you already have a secondary mortgage that requires to stay in secondary position?

Financing FeesAs far as the rent roll and the T-12, you will want to review rental comps in the area so you will have an ideas as to how you will raise rents (Assuming you are doing a value add play).

Even if it doesn't directly pertain to my situation it might give me an idea on how to apply it t my situation.