I'm a California Licensed Architect and I've done projects in Northridge before.

You may be able to find deals in areas that aren’t doing well, but if you can’t dispo them it won’t matterDiverse Pool of BuyersYou’ll mainly be selling to investors, but having a diverse buyer pool gives you more options in terms of exit strategyRegulatory Environment Low regulatory markets can help keep things simpleKeep in mind that regulations change quickly in many areas, so it's important to keep and eye on your markets for changeThings to consider; rules regarding holding a license as a wholesaler, probate laws/processes, STR rules, etcStrong Rental MarketThink from the end buyers POV.

If you're looking to use conventional financing, whoever you work with will need to be licensed in the state you're buying in.

Many states require property managers to be licensed.

I am a licensed GC and I've created a few arcades as well as upgraded some poorly done ones.

I know there are a lot of investors out there with a real estate license that are having to hang their licenses somewhere.  

My spouse and I have an S-Corp which she has her General Contractor's license under.

Licenses are done for you https://kb.cielostays.com/article/122/why-should-cielo-stays-manage-my-property-

Tim is a great resource and may be able to do some consulting to bring you up to speed, but you are still going to need a small army of vendors to get the task done.If you are set on self managing our company offers lease only services, at least that way you can get a fully screened tenant, with a lease template written by licensed attorney's and be in full compliance with renting. 

I'm an investor and licensed agent that works the Louisville, Ky market.