If you chose to go out of state, then I would be sure to pick quality locations (B class or better).

How are they picking markets?

When I shop for new vendors, I pick who I like the most and has the best reputation, not who bids the cheapest.

I noticed that your initial post was from 4 months ago and would love to connect with you to pick your brain about your progress over last few months :)

I'm going to start reaching out soon to a friend of a family member who owns a local PM group with roughly 1000 doors for lower income, just to pick his brain, but I can envision a scenario where if I needed to partner with someone to get my first deal and gain some creditability and experience, he may be willing to assist.

@Matthew McCarty At the beginning of my investing career, I was constantly looking at websites like Zillow and Redfin to see what houses are selling for so that I have a good feeling on the market I picked.

I think if you have a little extra time, operating a smaller STR business can pick up some good income.

I have a potential wholesale deal out in Colorado Springs and it'll be my first one, so I'm looking to pick someone's brain who has done a wholesale deal in Colorado before, what title company you've used and trust, and any potential buyers! 

Your builder's risk  insurance picks it up from there. 

Over the years, I've done several dozen of these and know how to pick a good one.