The local angle can give you that edge against other buyers, especially when you are dealing with high equity owners who might be older and a little weary of some company coming in wanting to buy their house.One down side to consider is, hand writing all of your letters will be time consuming, but there are ways to get around that.

Finding and Funding Good Deals" - really good book on helping you get properties for a good price even in this type of market.I would consume these as quick as possible over the next couple months, it will definitely give you a boost.I started in real estate AFTER the covid boom, and I'm doing well off. 

Ok, now add in the first one, with 745 score, has a current aggregate balance on the laundry list of consumer credit accounts of about $38k.

You have to be able to talk with the sellers about who else you helped down the block.Also, wholesaling is 25x more time consuming than most other real estate endeavors, so it's more than a 9 to 5 if you get good at it.

https://www.tdi.texas.gov/consumer/get-help-with-an-insuranc...or are there others? 

This process can be time-consuming and potentially costly but may significantly enhance your ability to use the rental income for mortgage qualification in the future.

Typically in California, a Will alone is not sufficient to avoid probate - which is a pain, time consuming, and very expensive. 

STR has additional expenses like the cost of furnishings, consumables (TP, paper towels, coffee, etc.), utilities, TV/internet, landscaping maintenance, marketing, credit card fees, lodging taxes, etc.

Assuming you have two spouses who each make $300,000, your hourly rate is about $150 / hour assuming you work about 2000 hours a year.I personally think it is better to continue investing in LTR which will likely be less time consuming / stressful to STR's.You don't want to exchange something where you make $150 / hour(at work) to something else where you may only make $10 / hour.Best of luck

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.