Truckee had some incentives not that long ago for new long term rentals entering the market.Call the city to see if still available. 

As a general rule I like to buy the worst house in an area and make it one of the best.

The general reason (avoiding any personal thoughts on wholesaling as a business) is that when you have a license, any fee you get for transacting or assisting in real estate must go through your brokerage and they must take their percentage.

As you get into the suburbs, the expectations and the rules are different.  

They will be the ones that will get you into the deal.

Your insurance is going to be highly variable and I wouldn't use what an agent or the seller tells you as the cost of dwelling policies have increased substantially over the past few years due to rising new construction costs. 

Or they've dealt with one of the 50% of realtors that sells 1 house or less per year.

@Neal DaftarySo - You need to set up a regular LLC, this would be considered the parent LLC to the following series LLC's that you will create for the specific purchases. 

Welcome to the club! 

I have read on the internet that some parts are and some parts aren't safe.