Once the loan is done, it will automatically convert to a tradition PITI.

For example, there is no tenant portal and you aren't able to set up automatic rent payments. 

You may come up with a reasonable ARV and reasonable repair value, and there will be a lot of buyers that just automatically add 30-50% to the repair cost and take 20% off the ARV because you are a wholesaler and wholesaler numbers are always wrongWhat I've started doing is using the ARV and estimated repair value to figure out my offer price, but leave it off the sales email.

Location is automatically accounted for by picking properties close to your subject property.

If you can find good deals in these areas with the classic metrics then jump on it.However, I personally would recommend you look at areas that you have connections: your hometown, your current town, where your brother/sister live, where you went to college, etc....It automatically gives you an advantage because it is familiar and even better you may have connections or people who can provide references for Real Estate Agents, Lenders, Handymen, etc...Regardless, congrats on taking the first steps and I wish you all the best!

If you sell for 1 mil and buy a property for $2 mil and use the $700K for your down payment - that automatically doubles your leverage. 

Direct mail marketing with Robot Ink. 1000 letters per month.

Direct mail marketing with Robot Ink. 1000 letters per month.

To the best of my knowledge (remember I use a PM) in Nevada leases automatically become month to month at lease end.

.* Keep in mind that most policies do not automatically provide coverage for flood or earthquake damage.