I've been doing a lot of reading and listening lately and it seems that one thing all the "experts" can agree on is finding successful wholesalers locally and learning as much as i can from them.

Thanks  Sorry Couldn't seem to edit. 200k property with 200k in insurance not 100k my fat fingers messed up :) The quote is a little above 300k

They definitely know their stuff and seem like they set up a bullet proof structure.

This seems like it may be the least intensive, and one of the more affordable options as you qualify for more optimal loans if the house serves as your primary residence 

It seemed like a great opportunity to start investing in real estate.

I cannot seem to find any information on if there is a waiting period, am I tied to the purchase price as the home value even if there are significant improvements to the house that raise the market value of the house?

Currently, i have thought of hiring a lawyer to draft a lease, but it seems they make it as long as you want it.

It's newer, built in 2020 and doesn't seem to have any needs as it has only been lived in for a few years. 2.

It seemed like a great opportunity to start investing in real estate.

If you are filing for yourself as it seems you are, I'd consider the following:  The allocation %'s you refer to creates a split between personal & Schedule E.