With the scenario you explained above, I feel there would be some awkwardness in the relationship if you invested $10k and months later made $40k on their home.

@Alan AsriantsIf you are occupying your home, your should apply for homestead and save some money on your taxes.

It wasn't clear if you plan to self manage and need the property pretty close to home. 

Any tips on how to create a welcoming and appealing environment for these potential tenants?

Inflated ARV's and underestimated rehab costs are common practice with most wholesalers, much of which are newbies who have never flipped a home themselves.As another stated, there are other ways to land deals besides wholesalers so cast a wide net and use multiple avenues to funnel your leads.

I would match those and stay clear of over improving the place. 

Hi all 🙂Furnishing my first MTR and would love to know what your guests love and comment about your home that I should look to include.

.- while in school, I will not be able to work, so no income and my wife is a stay at home mom. - I am considering selling a few if not all (just 4) of my properties here in TX (I would hope to walk away with about $150k+). - I will be in school full time for 3 years along with clinicals in and around Nashville. 

Any guidance/ tips on how to proceed would be very appreciated.

And those homes had much more recent updates.