I've heard on numerous podcasts from BP and elsewhere that it's not illegal, nor do wholesalers need to be a licensed agent in order to wholesale.

You can do all the research you want, but ultimately you will have to trust your TK provider because within these traditional TK neighborhoods, the areas rapidly turn from decent rentable area to absolute war zone. 

Do you charge for painting over numerous nail holes in the walls? 

You have already payed for numerous repairs that should have been his responsibility.

It's somewhat bottomed out like Detroit has but you just need to make sure that you stay out of war zones but there is plenty of C class property to be had.  

Because you are going to live there pick somewhere that you actually want to live it may sound silly but Google street view is the best resource, City-data.com is good for demographic data and there are numerous websites that show school districts. 

In very competitive markets as has been the case in the Seattle area we do try to get our buyers who need financing fully underwritten because of bidding wars and going up against cash buyers, etc., but it's definitely not the norm in many parts of the country and not all lenders are excited about doing it or have time to do it before the offer.What Taylor and I were saying to look out for is when buyers have a letter (some lenders may say pre-qualified or pre-approved, so don't go by the letter necessarily) that doesn't specify that their info has been received and reviewed and approved (run through DU), because lenders will also sometimes just get the buyer's info verbally and issue a letter 'subject to review' of income, credit and asset info.

I am looking for distressed  SFR (2 bedroom, 1 bathroom minimum) and Residential Multi-Family (2-4 units) in decent neighborhoods (NO War Zones).

My recommendation is use the course and continue to learn from the numerous online videos provided by both Gene and others in this space.

You have some homeowners that were affected but more people who work blue collar jobs were affected more than white collar jobs.Lastly, in most markets, there are so much demand and not enough inventory and because of this, i can see bidding wars happening in most markets at least through the early part of next year.