We have three states in mind and they are the following: CA, CO, and OR.

A confused mind will just say no, so, you've got to provide the data.The second way to add value to a property is income because without income a property's not an asset, it’s a liability.

@Bryce Spraggins glad to see you have crossed one hurdle by connecting with like minded individuals. 

Set a price point with keeping the reserves number set in mind, I wouldn't compromise too much.

I do prefer to work with one in AZ to keep AZ laws/ regulations in mind.

In my mind, I figured it would weed out people who had too much emotional investment in their property. 

I wouldn't mind the first rental or two being close to me to learn but eventually I'd like to work turnkey (maybe) for the areas we're looking at (likely TN).

@Colin Davis If you dont mind me asking but what REIA have you attended?

That’s awesome and I’ve always had that in mind if I was going to flip.

Live in is a good strategy especially if you will live there for 2 years or longer (section 121 of the Tax code) you will not pay tax on gains up to $250K single or $500K married, keeping that in mind markets change, so consider where we are and where you think you will be 2 years from now. also consider if you are there less than 2 years the gains are taxable at a very high rate about 1/3 or more of net profit for most people.