As the fellow BP members have mentioned already, wholesaling for a broker depends on your state and if they require wholesalers to have a license to practice.

I’m hoping for a 0-4 unit A/B FHA.I have an apartment lease that ends in May and am currently relentlessly scrolling Realtor/Zillow and practicing analyzing with DealCheck.I’m realizing a deficit of on-market deals and ALSO realizing a need to pursue off-market deals via networking with clients at my job, accessing tools such as Propstream and initiating local landlords in the area.I’m curious if anyone has any insight or encouragement to share about this “stage” in the process and how you have found success and/or breakthrough.Warmly,Nic

Florida market so I don't know if living for free is practical given the low down payment.

I appreciate your feedback and best practices.  

So other things might make your case stronger such as your normal practice, the actual amount of crazy that you were offered, things like that.the second part of using the proceeds to buy vacant land is fine. 

I'm trying to look for info about LA city regulations when it comes to STRs/ Airbnb-ing in LA.

Som people say short-term rentals require more of your time, but you get better cashflow, and are a little riskier because towns can bring down STR regulations that will impact you.  

If anything, probably highly regulated and will likely have a consistent client base so risk of default should be low.

Can anyone shed some light of best practices for coverage? 

I think there’s a disconnect on how Investors/realtors/buyers value any type of property vs how appraisers value property because of regulations that appraisers must follow that other fields may not completely understand.