I find it's best to get your rental data from a few different sources, weight them, and then do the math.

Start with an established team member in your desired out-of-state market.

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Tenants are typically blue collar and many of them are recently employed by the recent boom in logistics and warehousing that is going on in the area (link below to a video I saw on Twitter that actually calls out Eastern PA warehousing as a desirable investment).There’s definitely a decent amount of investment going on and I’ve seen prices jump even in the past few years so competition is growing as people catch on.https://youtu.be/Yvi4MPHcwj0

We did increase rent after they vacated so if you have no tenants from the start you can start out with your desired rates. 

However with MACRS, the earlier years are still more heavily weighted than the later years. 

So why not if you have the desire to do it?

The property is also in a desirable location.Do you have any recommendations for legal protection or any professionals you've worked with that you would suggest? 

You have more weight and you are a more important client.

I can assure you the city demolished a building because of make safe violations that were ignored, not because of a desire to force gentrification.