If you buy it under an installment note (seller financing), she will be responsible for the depreciation recapture in the year of sale and then some or all of the capital gain would be deferred over the term of the note. 

That would be more of a scenario where if you had a water/fire/etc. loss and the home was not livable for the tenant until repairs were made, the insurance company would pay a portion or all of the rent amounts for a period of time until the repairs are completed and the tenant can get back into the home. 

Or all they all pretty much the same? 

Contact me if you'd be interested in hearing about these and/or all future opportunities.

The only real aspect of wholesaling that being licensed impacts is the need to disclose (orally and in writing) that you're licensed, are buying w/ the intent to make a profit, and are not representing the seller.    

When I started I'd always try to get sellers to carry some or all of my down.

That is what was recommended to me by an insurance agent my realtor got me in touch with, but USAA (all my current insurance policies) has a policy that only allows extending liability coverage to vacant lots, vacant being explicitly defined as having no structures and no inhabitants.I'm working with that same agent now to look into options that would likely move some or all of my insurance policies over to a new company that's willing to work with me like a human being.

If you aren't familiar, you can get a very low down payment loan at a low interest rate and use that to buy a small multi-family which will generate income and pay for most or all and maybe more than your mortgage so you can live for free to save more of your money.

Finance each rental or all as a whole? 

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you didn't mention an area of interest, I added links to the three most popular niches for your review and selection of one or all.