My partner and I own a portfolio of STR's here as well as do flips and mainly work with fix and flip investors.Right now in the market we're seeing 50% of sales coming from the $350k-$550k sales price point and another ~25% of sales coming from the $1.8M-$3.5M range.

They should be able to let you know about their general terms as well as loan size.

I am pretty confident I can fill the vacancy immediately, and probably charge a higher rent as well.

This works reasonably well for many situations, but it can lead to issues when you happen to have a particularly wasteful tenant that uses excessive amounts of water and/or electricity.

It is a slower way to get started, but 7 years later I am doing well.

Establish a solid reserve fund (3-6 months of rent) to cover unexpected expenses or vacancies, which are inevitable over time.Make sure you're well-versed in local landlord-tenant laws to avoid legal complications.

Wholesaling skills translate well with both buy and hold/fix and flips. 

@Franck Armand, I'm not sure who informed you, but those respective markets are all well past the gentrification phase.

Also having that capital in your account opens up opportunities like foreclosure auctions and tax sales as well. 

When I went to sell the property the new buyer wanted to get title insurance and the Escrow Company AKA also the title company ) Did thier checks and said I would need a notarized uninsured deed paper for each of the quitclaim and the grant deed guy as well.