@Dominique Coffin,This is much more common in our current interest rate environment. 

Keep your cost of living low so you can reinvest it all into acquisitions, until you hit your number.  

It makes financially a ton of sense, it eliminates your biggest living expense - rent.

I live in the Midwest, KCMO to be exact, and am looking to network with other RE agents and investors.

I was a warm body in a model home selling spec homes in what turned out to be, in retrospect, a really crazy real estate environment.

I grew up just north of San Francisco and moved to Reno, NV to live and invest. 

You can then estimate the potential rents using Biggerpockets rental estimator.If you are willing to buy a SFH and rent of the rooms while you live in one of the rooms.

My question is, could I live in Virginia and wholesale virtually out of state legally without a license.

The best place to get started is where you live, you know the market better and areas.

Tagging gurus: @Michael PlaksThanks , would it differ for renting full condo to renter VS part of the home (while owner still lives there)How about if someone has a 2M home and rents 1 bedroom few days month. would still qualify for deduction...lets say 1 bedroom and shared space = 1/8th part of the home  rented 100 days total in a yearcan cost segregarion still applies to 1/8th part of the home ?