This is actually they entire reason I started my own PM company- I believe that the % you pay is for them to handle the day to day stuff like this, seems unethical to charge more when they actually have to put in some work. 

Its becomes a lifestyle.You REALLY need to be into that "lifestyle" since I believe your rate is higher. 

I, too, shifted from working with adolescents and young adults to getting into Real Estate... in hindsight, that past experience has helped me in this field, and I believe it will help you as well.2 things I recommend for new BP members in your position:- Use the search feature to find people and topics of interest.

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"?

I find that hard to believe. 

After listening to BP podcasts and seeing some people investing from long distances I started to believe that long distance is feasible.

I believe it's crucial not to require an application before viewing a unit.

Not a flood zone specialist but I don't believe it would impact your resale.

Hard Money lenders will vary with their general "friendliness" towards first time investors/flippers but there is availability for even a big portion of the flip financed (like 85% of costs) from some HMLs - believe it or not, you can get that much of your first flip financed!

Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental?