I personally know a handful that bought from MI and the issue wasn't simply lack of due dilligence, it was creation of false leases, appearances of rehabs performed, rent checks that came in against no tenant placement, all which signal fraud (@Tyler Jahnke 's infamous post on BP).

Anything on the websites is going to be competitive because everyone has access and the same opportunity. 

If it's a clean property that is expected to be competitive, it's a worthwhile seller investment. 

Competitive rate4.

I know this isn't the greatest time to get into the market and am well aware that Santa Fe is VERY competitive and low on inventory but my life/career is dictating decisions more than the desire to grow a portfolio in hotter markets (for now). 

There's huge competition in wholesaling everywhere- sometimes hundreds of people in every market calling the same lists.

Being an architect is a clear competitive advantage too!

California will be more competitive but you have the equity available for the right property and can utilize the proposed or existing rents to qualify on the new property.

While a single stall garage might be only a ~10k adjustment on an appraisal depending on your local market, the lack of garage can kill market value which is harder to predict.

You have certain resources, but lack others.