As you become more comfortable and can generate trackable ROI with marketing directly to sellers, you can increase your spend or explore other lead gen strategies like digital marketing + SEO

You'll get a reputation quickly.Talk to your attorney, but often you can contract your way around the law. 

How much depreciation you can expect, and if the cost is worth it, are other questions worth exploring.

Maybe explore house hacking options as a means to get more cash saved.

I knew the process well and this purchase in particular was from a friend of a friend and a reputable family in my town which is Boerne, Texas. 

Hence, why we're exploring renting.

So I am exploring wholesaling and was told that I could not sell more than 5 houses in the course of one year in the state of michigan without a license.

There are many turnkey providers that are quite reputable.

Best to find someone doing deals in your local market, but at a minimum you can get free ones from some reputable coaches like Ryan Pineda, Pace Morby, or Brent Daniels. 

I'm still exploring the website!