All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price.

Hit me up if you’re interested in this part of the state.   

What is good for the US, particularly States like Texas, Maryland, Florida, is that those mining operations are already flowing to those States.

I would look to invest out of state.

Recognize that going out of state will come with a lot of learning and education; there's a cost for that of your time and if its better served educating out of state or spending it on the property.

It is always better to start with a multi-unit 2+ so that if something goes wrong, you still have one tenant to cover necessary expenses (mort, taxes, insur, etc).Also, major renovations are not a great idea for starting out as others said, especially out of state.

I heard he moved back to the states ????

This can be somewhat of a good thing if you live out of state because you'll get a property inspection once a year that way.

Wholesaling is tough with a license in any state because the spread you earn has to go through your brokerage, but having a license when doing off-market appointments adds to your toolbox (you can always list when they want market price).

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.