So I guess choose wisely is the operative thought at least to where U do buy your rental.  

. 😬 I do believe it can be a very powerful tool in building wealth if you use it wisely.

If you are wise, patient and stick to your business plan, you would be fine. 

And some of them are licensed real estate agents.That is not cool @James Wise to go around your wholesaler and steal the deal from them.

(and always in writing.)I disagree with @James Wise: You should never let issues between tenants take place in your units, especially if one of the tenants if violating the lease and the other is threatening to sue you.Have you read this? 

That still leaves you in a very secure position leverage wise. 

This way I can budget my percentage of each of those each month and see exactly where I am at dollar wise in each category. 

First investor I've heard of that successfully used LOC to BRRRR was @terry adams way back when on the BP podcast so check out that episode. and PS if I did have a 500k unsecured LOC the last thing I would do is use it to buy rentals that are going to be maxed out leverage wise.. there are far more profitable things to do with the cash.. 

Since you're so close to completing it, I do believe getting your agent license is a wise next step for your situation.After that, I would encourage you to seek out an experienced broker who works with investors, and then learn everything you can!

Any suggestions on how to use this money wisely?