Please share, because I own another house right down the street and am contemplating doing it next!

Have you contemplated self managing?

Now, these questions alone will eliminate the majority of people contemplating spending $8,000 to $20,000 for wholesaling education/mentorship.  

Items of personal property, including but not limited to window coverings, appliances,manufactured homes, mobile homes, vehicles, spas, furniture, appliances, antennas, satellite dishes and garage dooropeners now or hereafter located on the Property are not included in the transaction contemplated by the Agreementor the purchase price unless the personal property is specifically described in the Agreement.

I’m contemplating a flip to raise capital for a MFR.

The SEC says it's more about the quality of the relationship than the quantity of time; but there should be a passage of time between when you first met and when they made you an offer to invest (more than hours or days); and they shouldn't be offering you "current or contemplated deals" that were in play at the time you first met - they should only be offering you future investment opportunities.

To any newbie contemplating this I advise they seriously educate themselves and do what you are doing here.

What US regions / cities were you contemplating?

I'm contemplating into researching "farming" into San Mateo county.

If structured as an installment sale under IRC Section 453, the seller pays tax on any gain as the payments are received rather than paying tax on the gain in the year of sale for the entire purchase price.If the sellers are also contemplating a tax deferred exchange under IRC § 1031, they will have to decide how to treat the seller carryback note.