One aspect I’m having difficulty with is identifying a strong property management company in the area and I was hoping someone with active properties in the area could make a referral.

If you plan to hold this property for along time, then it maybe worth putting up the extra few bucks.

Unless you invest your extra income in some cash flowing venues you will always be chasing the rent raises.

So if you want to go full-speed wholesaling, having a license is likely to put a couple extra steps into your process.If you're going to be successful in Real Estate investing, you will be successful with or without a license - wholesaling or otherwise.

Also, reduced rates from subs, the education of getting licensed and the extra income potential of taking on some profitable side contracting work. 

 Given those numbers, assuming they spend an extra $50K on rehab to hit $250K ARV, that's about $15K of extra profit in their pocket for a lot of work and risk. 

May require paying a tiny bit more and having all of your personal and rental policies with the same company, but honestly not having the extra complexity is nice.

I talk a lot about opportunity cost and long term outlook here in the forums, so let's compare the two strategies over the next 20-30-years:You could stay in your interest only loan and enjoy better cash flow, to the tune of an extra $450/mo in your pocket.

Agree with @Michael Hacker, the extra weight might be your biggest concern. 

Typically, no extra cost, if there is town pick up.