Even if it's in Vegas or Flordia it's still out of state and will require a property manager for the day-day operations.

I wouldn't be cash flowing paying a property manager, maintenance, etc. to be able to operate out of state though.

Imo it's still better than operating an OOS, STR, at 60 years old. 

If you operate as a separate business entity - S-corp, C-corp or a partnership - you may be required to have formal compensation for yourself: either a W-2 salary or so-called guaranteed payments.

We are looking to wholesale outside of our chosen market to help build capital for projects within our chosen market (Louisiana) as I have potential deals in other markets and am not confident in how to proceed with them contractually, (don't want to be stuck with a bill I can't handle currently and also want to ensure I'm operating correctly).

Second, you’ll collect more money while doing less work Third you’ll stay legal with notices and operations.

In order to get a line you would need 2 years of operations, and have an operating company - like a property manager or a construction company.

So my personality is, if can figure out a way around something that is unnecessary and still operate within legal bounds, I'll do that.

But because an HOA made the mistake and the county operated a crooked auction the purchase will just get back what they bid, $6600.  

But assuming its a stable but growing market, every dollar of Net Operating Income you are able to force is explosive to the underlying asset value.Under both of these scenarios, you do not need to syndicate as long as you don't go too big on the deal size.