2) When starting to wholesale, is a good strategy to: (1) Use Propelio to find a list of leads, (2) skiptrace all leads, (3) cold call/ text/ email leads- keeping track of script success and other metrics, (4) keep going.- I'm not sure what size list I should aim for when just starting out.

If you have the time you could also essentially cold call specialty service providers rather than GC's.

My pillars for leads are BiggerPockets(paid leads and organic from posting on the forums), Reonomy(what I use to cold call multi family and commercial owners), past clients, referrals from clients, Zillow(my team buys leads I get investor ones) and a couple different referral sites.

No thresholds, options - cold stop. 

Not to throw cold water on an honest and interesting question.....but if you think about it for a moment I think you'll realize that there isn't really a simple answer to that question.....any city will work if you find the right bargain.

If you don't acquire properties through the MLS, then we find properties by having a great Real Estate Agent on the team, direct mail, cold calling, and sale by owner signs?

I was cold calling, driving for dollars, waking up early to put out bandit signs, and door knocking because I did not have a lot of money to spend on marketing.

They also have more issues in cold climates.

In short, STRs are the one type of property that even without having real estate professional status (REPS), you cold potentially use those losses against your W2 or active income.

House is located in Fayetteville, NC where it doesn't get too cold.