As long as there is no "healthcare" being provided (medicine, baths, etc) then it's not regulated by the department of health.

A HELOC or home equity loan on your personal home could be a viable option to fund the rehab, but it's always a good idea to chat with a lender to explore all your options and find the best fit for your situation.

I find condos/townhomes to be easier to manage out of state because the HOA handles a lot of the maintenance, just be aware of condo fees and find a place that is reasonable like $300-400/mo or less if you are lucky.

You can't tell them to find you outside of Vrbo another way, like telling them to Google a name. 

Wholesaling, for these professionals, is the byproduct of a successful real estate deal finding business, not usually the business. 

There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway.  

We have a lot of investors that are way more flexible.Which lenders do you find to be more flexible? 

It's been a long-time dream to do a new build and so I'm actively working to find land and begin the process.I agree that the profit margin you post seems very small.

You could very easily find yourself broke and homeless with no way to recover. 

I have a tenant who lives in my very nice three bedroom unit whose lease provides a pet authorization for “one dog, one cat and one rabbit.”