Every single LO I've seen across my desk when I represent the tenant/purchasers have violated the law so I get to tell my client that this is a virtually risk-free transaction for them. 

I never done a virtual wholesale out of state !

Technically yes, but with virtually any turnkey property is going to have very little equity in it.

I'd simply add that you also want to consider whether or not you want a local brokerage or a virtual brokerage. 

I guarantee Buffett would not pay down a conventional home loan early and neither would virtually any 1%er.

and or your going to have to put up EM at some point .. so you need that money.. you don't want to lose it because your lender backs out.Anyway those are a few things to keep in mind.. right now finding properties at 70% ARV minus repairs is pretty tough to do.. and virtually impossible for a beginner UNLESS they are willing to spend thousands on marketing and go direct to sellers.

I can already see my local area as a comfrot zone that I dont want to be stuck in, so doing things in a virtual way and traveling wont bother me and I am a hop skip and a jump from a lot of places. 

I ended up going with a virtual brokerage.

I buy duplexes in Indy with similar numbers for 40-80K and I only buy them in areas that are virtually guaranteed to revitalize/appreciate.

Is that a real stage or a virtual stage?