We have no plans right now to sell our AZ rentals, so we do set money aside for that stuff.I literally sat down one day and did what you did, just wrote down all the stuff we spend money on, estimated the cost, estimated the frequency, and then figured out how much to set aside each month. 

Indianapolis is a great marketIf you're single without anybody to answer to you might want to just rent out a property and then rent out rooms like a four bedroom two bath house, live rent freeGetting a real estate license might be a good idea so that you can get some respect in the marketplace because people respect people that a licensedIf you doing just wholesaling it might take you a long time to make money, but if you have say 500 a month for six months you may very well get some deals; @Dev Horn writes often about marketing from the wholesaling deals in "the rule of seven " and frequency of direct-mailI think the fastest start for new people is to go after "expired listings" and talk to homesellers that have little equity that are pretty with no work needed; your job is to help them sell on terms verses for cash on the lease to own; Then you find a buyer that "just missed financing" and wants to "rent to own"You generally make a 3% assignment fee usually in 45 days; that's much faster than wholesaling and you don't to deal with builders or Hard Money lenders,  just the buyer and sellerI train on lease option assignments so see the free training on My BP blog Reiskills Best of luck!

Given the region and frequency of hurricanes/flooding will I need some sort of history of how the property faired during bad weather or will they research that themselves?

What is the frequency you mail?

I have contacts with commercial brokers out of this particular state and I can tell the good from bad by the deals and frequency that they send me.

They have expired but as an estate from period to period they now are month to month under the same rent and frequency of payment until either landlord or tenant gives written termination notice.

I also review the frequency of repairs, as sometimes you will have one that has cost more over a shorter term.

With a self-directed IRA you are a fund manager placing capital, not a hustler creating deals.Even if wholesaling is done in a way that does not create self-dealing risk, if it is done with any frequency it is absolutely a dealer activity that creates trade or business income. 

BP Admin!My keywords notification keep switching from "instant" to "weekly" almost every day despite the fact that I keep changing it back to "instant".How do I make that change permanent? @Mindy Jensen - please helpT...

It will allow you to learn about the various asset classes, get experience in passive ownership and your returns over next 10 years will trounce the flash crash, high frequency, computer controlled casino they call the stock market. lol the CAPE ratio of the SP 500 is ABSURD!