A bit of a bummer but I guess this is the way it goes when we venture into less tried tried and true investments.

I haven't ventured out to the valley yet because I've still been happy with the opportunities here in Anchorage.

You want to use flips to partially fund this venture - flips that will drive up housing prices => rents.

Start with $8K through FHA loans, joint ventures, private money loans, crowdfunding platforms, and BRRRR strategy.

I already have an LLC that I originally set up as a business entity to facilitate managing, overseeing, and expanding my real estate ventures.

If this is your first venture, your presence at the property will be very important, there is a learning curve, factor in your travel time and other commitments.

Quote from @Chris Barrett: Yes, and if the buyer isn't able to close due to reasons other than allowable in the OTP you will lose your EMD and they'll owe you money that they apparently couldn't pay in the first place...As the person bringing the EMD you are essentially Joint Venturing on the contract and as such you have the right to cancel the contract just as much as the wholesaler.

Rehaan Khan True Prevail Ventures 

But always remember that RE is a risky venture, and you could go through years of less than stellar performance.

Hey Sergey, I’ve run into this exact issue when trying to establish my own online presence for out-of-state ventures.