I went to a three day boot camp and the stuff that was presented did not have the nuts and bolts to go with it. 

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Rate cuts tend to boost buyer affordability, but with current home prices, are we really going to see that kind of relief in cash flow anytime soon?

In real estate, it is really about your cash on cash return, so the least amount of money you put into the deal, the better.What would come out of pocket at that point would be the difference in down payment, which in this price range tends to be limited.

By no means am I an expert but I tend to be very organized and our systems have worked well for us.  

Even when wholesalers “kinda’ admit to the seller that they are going to “wholesale” the property, they still tend to mislead the seller by talking about “financing partners”, “equity positions”, “mentors” “membership” etc.So, various states have, under the banner of consumer protection, enacted legislation to restrict the use of the “wholesale” transaction in RESIDENTIAL OWNER OCCUPIED real estate - note, not commercial property and not residential when the transaction is between 2 investors. 

Also, most deals tend to require a lot of capital ($50K+).Most states exempt business purpose loans from licensing requirements but there are still certain rules/regulations you have to be mindful of.

There are a lot of HOAs there, but they tend to be STR-friendly.

Campers tend to be more leisurely in nature than tenants too. :)   

Furniture tends to rapidly depreciate while real estate tends to appreciate.