While performing some preliminary research on rental properties, I discovered that there are several strategies that can be executed.

I would never invest in CA or IL), I've come up with these as my primary markets to investigate.

Also if talking to a lawyer is the way to go I will investigate further.

The foreclosures can come with a lot of risk, mostly because there's no standardization with them so you' have to investigate every single property very thoroughly to know exactly what you're getting. 

You have given me a lot to ponder/investigate.

Better deals have lots of company.Suggest you to investigate, inspect and carefully evaluate if it is for you as a strong buyer.

I haven’t actually hired his firm yet, but he has done some really impressive preliminary work.  

Are you prepared to investigate where your tenant works and/or holds bank accounts so you can start a garnishment? 

You will need to investigate the impact on financing if you go the LLC route. 

I had lengthy interviews with the investigator and you simply cant advertise property you don't own.. or do deals for the expectation of compensation in our state.. so you cant make these blanket statements.. at least to these beginners on BP.. who you know the definition of wholesaling 99% of the time is to simply make assignment fee's IE commissions..