In the past 2 years, I have used my extra money to pay off student loans by interest rate. 

What are the average cap rates for Reno single family rentals?

Planning on renovating and renting at market rates.

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.

Will my property taxes and mortgage interest rate change if I place my property under an LLC going forward ?

It's just business.Definitely remove both of them, then place a tenant of your own choosing at market rate under your lease.

You mentioned making $550,000 - but how much is your savings rate?

What is your conversion rate on cold calls?

@Trey Campagna without knowing much about your situation I'd say the first thing to do is to use a VA loan to buy a primary residence with as little money down as possible and the lowest interest rate available.

This includes understanding that the assignment contract is a legal document transferring rights from the wholesaler to the end buyer.