A few things to think about if you do decide to invest out of state:How involved in the process do you want to be?

For instance, this particular deal I'm currently involved with is located in the Unincorporated Lake County area.

Also, do you have a method to find them?

It is extremely risky to not have any insurance in the event of a huge loss such as the house burns to the ground or a major lawsuit involving your property because of an injury.

But from further research on how wholesalers do business, I have realized that the house hacking method (FHA 203B, 203k...etc) is not ideal when dealing with a wholesaler.

I use what is the Ackerman bargaining method and it works great.

Im hoping to find some ideas , and creative ways to come out of my comfort zone and get more involved with others in my area.

If inherited, they would have a new tax basis and little or no taxes (which would be preferable except that means granny died, good for taxes bad for granny) but since you said a Quit Claim Deed was involved it's unlikely it was inherited.

If you own let's say 5 investment properties and you have to pay the mortgage on all of these properties, what is the best method to disperse the money throughout all 5 properties?

I was involved in real estate investing in the Phoenix area in the late 90's and up through 2008.