Heck no, FL is correcting, also with 20k you are not getting anything.. 

It's crucial to get the right tenant in place, not just the first one that responds with the correct income.

There's honestly no way to know for certain the work is being completed correctly whether you are local or a distant investor unless you or an owners rep with knowledge of construction is there constantly checking on the work.

High interest rates are causing price corrections in specific markets across the USA that saw massive growth and transaction volume in 2020/2021 due to low interest rates.

We do a lot of free training by the way on how to build your business correctly with wholesaling. 

If this is indeed correct then why is there so much conversation out setting up out of state LLC's ? 

Sadly, everything Bruce said is correct.

This is just the states portion correct? 

. - Regarding @Basit Siddiqi's statement that if you are a developer the income would be treated as ordinary income, this is correct.

Please correct me if anything I say about my plan is wrong and I'm willing to learn/listen to more advices here.I'm currently living in PA will be paying off my house this year (only $20,000 left).