Connecting with local investors and agents can also help you identify the best markets that fit your goals.Good luck!

Renting the PropertyIf your parents rent out the home, they have multiple income-generating opportunities: Renting As-Is: A 4-bed/2.5-bath home in a desirable area could command a high rental rate, likely around $2,500–$3,500/month, depending on local market conditions.

Hopefully a local wholesaler can chime in to connect.

I reach out just to help as I'm a local agent/investor here in the area; and my focus is primarily on investment properties with my clients.

If you are specifically asking about the requirements to get licensed you'll want to do a google search for you local laws and requirements.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

Always recommend local (or at least some level of boots on the group).

Then I'd push those factors out if there were no good comps.  2 miles, 6 months.  2 miles 12 months , etc.It takes some local knowledge to know when you're pushing those parameters out too far to be useful. 

Local authorities actually did a great job!

I used the local MLS and I am a REALTOR so I negotiated off my commission to get a better deal.