The house is in the city limits of Klamath Falls, Oregon.

If they're located two or more counties away, their expertise in the local market may be limited.

There are all rules you need to follow and many towns are limiting the ability to do this now.  

I worry about you putting too much of your life into one investment given you're limitations on income/working situation anyway.In general expensive primary residences do not make the best rental properties. 

His suggestion was to wholesale it because he believed that for the purchase price of $90K, it'd be a relatively safe bet with a good margin.So, my question is: How do I get cash buyers or "buyers lists"?

So it really limits your flexibility.

Use a 1031 exchange to defer taxes and reinvest in more lucrative, cash flow-positive properties or diversify into passive investments like syndications.Pay Down Debt: With limited cash flow, focus on paying off the HELOC or smaller mortgages.

Please make sure your losses are not limited under PALs.This post does not create a CPA-Client relationship.

It can also be very expensive and the limits are usually low.  

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)