If you're considering other states, I like starting in the Midwest because it's affordable and offers good cash flow.

Although I haven't personally enrolled in such a course, a single free webinar bridged crucial gaps for me to kickstart my business in the "arbitrage" route.For those inclined towards purchasing STR, I recommend exploring the offerings of the Short Term Shop.

Couple questions if anyone can offer advice I’d greatly appreciate it!

The RTC was a federal agency created in 1989 to resolve the Savings and Loan Crisis of the 1980s, which resulted in approximately one-third of all US savings and loans failing.Armed with just enough information to be a danger to myself, I made an offer and much to my surprise it was accepted.

There may be a bank out there offering a LOC, but it will be at a low CLTV. 

I have made a few offers but nothing yet has stuck.  

Often, it's the transitioning neighborhoods that offer more potential appreciation.

@Alex Rollins, if you had a written contract with the seller has the seller offered you money to terminate the contract?

You may add income streams to the home by offering internet and tenants insurance, for instance.

If you're concerned about closing costs, you can place your offers requesting the seller to cover your costs.