He walked away from his business letting his best friend take it over.  

She is from and still has family in Peoria, IL and her family owns a flooring business, and is well connected in the housing maintenance community in Greater Peoria.

The issue is you cannot force insurance companies to do business in the state.

Would love to connect and be a resource to you anyway that I can - I'm a realtor, and investor in the area and have some tips & tricks you can implement into your business and see if it helps! 

LTV & CreditEliminate the emotion and treat this like the business it is.In my opinion it does not matter who the borrower is as long as they have a track record of ATR (Credit)And I feel comfortable with the leverage (LTV)

Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

It's also good to read local business journals and visit the chamber of commerce website. 

More than 90 percent of real estate agents are out of the business in less than five years.

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.