Get a few of those and read them - that way you can start to get familiar with what kinds of things can happen in a house, and how big of a deal it is to fix each one of them.If there are any new houses being built in your area (like, within bike or bus/train range), and the neighborhood is relatively OK, go over to that neighborhood, after the workers have left for the day, and see what building a house looks like. 

In an era of low inventory, high inflation & mortgages rates, and strong competition, good investment opportunities become more scarce.

There, you can typically expect cash flow ranging from 10-18%. 

If these wholesaler want to get paid they need to get a license and go work for a brokerage or they need to have their own money buy their inventory Then start marketing it once they own it..

For my houses, I run about $75/month for capex in my model, which is usually around 6 to 7% of gross rent (usually in the $1200-1300 range in my area).

The issues we ran into were being pre-approved for a mortgage much lower than what most houses in our area are selling for, and finding houses that were in our price range did not qualify for conventional mortgages.

Prices so far this year range from $420k-$1.05M all with ocean views or ocean access.

In terms of your financing question, the majority of loans we do are in that $1m to $5m range, so that's not an issue at all (fake numbers wasting everyone's time would of course be an issue, but let's stipulate that it's solved).

What is your price range?

Also, who is to say you can't find a steadily appreciating multifamily in your area to buy and then use that income to help you move out to the front range and begin your real estate education out here?