I think in most states it is illegal. 

Quote from @Ingrid Hussey:First I would check with local and state laws on this...

I’ve also been networking out of state to identify specific market to begin.

Being out of state, I will also be seeking an investor friendly agent and also a great property manager. 

Most states require you to be licensed to perform a wholesale deal in which you negotiate a contract, market that property and contract and then assign it for a fee.

This isn't necessarily a unique experience.Our lease terms clearly state that the agreement is not binding until we have three things: verifiable funds for the first month's rent, deposit AND a signed lease.

Id either focus on flipping - maybe pick up some good deals now in the weather affected areas, or getting duplexes in other states less likely to be affected by Hurricanes. 

@Sharad BagriCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

I am going to get hit with capital gains and state taxes(Idaho 5.8%)..closing on cabin on the 18th of Nov.

There are a lot of investor friendly agents in Pittsburgh, and we see a lot of out of state investors here.