Between having minimal liability risk in my own personal activities, renting to only the very best tenants, having excellent independent tenant screening, long time property management relationships, adequate per property insurance coverage and tack on umbrella coverage as/if necessary, I am more than adequately covered.

In that case, the maximum allowable LTV limit is 75%.

I agree with Mindy, if you dont like your current house and especially neighborhood, moving is probably a good idea.If you are making 200K, have no other debt, and are looking to buy a $450K house, I would say you are well with acceptable limits for a house. 

However, now that the state income tax is limited, you may not be able to deduct all the state income that was deducted.

Again, the lender is going to be a big factor in determining what you can do within the limits of the local law.

First off I wouldn’t limit myself to “first come first serve.”

I'm a bit skeptical since it doesn't include liability coverage! 

The reason why I want to go the wholesaling route is primarily because I have limited funds to go out and purchase a property for myself.

For example, negative stigma and limited sex appeal, while listed as cons, could be viewed as pros because both factors limit competition from other investors.  

Replacement Cost however give the policyholder, subject to coinsurance provisions, the ability to rebuilt with like kind and quality, subject to the limit of insurance, for covered causes of loss.