However, many states now require some version of a license to wholesale, so I'd identify a market first and then dig into their specific wholesaler requirements. 

I appreciate the encouragement—I'm excited to learn from and connect with investors in this community.Right now, I’m primarily focused on house hacking in the LA market, but I’m open to exploring out-of-state opportunities later in my career.

The reality in this market is that you would likely not have any funds left to return to them since it is unlikely to get re-rented so soon.

How valuable is this location in that market? 

Leverage your W-2 income for better loan terms, explore private/hard money for off-market deals, and network with investors to expand your deal flow.Good luck!

Purchase price: $73,000 Cash invested: $25,000 Current market rent $1295 vs $1300 for Section 8.

Prior to viewing with clients, I am usually have an idea of the general area, vacany rates, market rents, and property types that suitable for LTR.

I would rather recommend being a maximum 3-4 hours drive from whatever market you decide to get into. 

Mine have appreciated off of the charts in the Charlotte metro market.

Are you looking for guide and advise of an expert on the market or a pass through agen?