To answer your question, I initially chose CT was because a few of the markets I was looking at are approximately 2hrs from my home.

just went through the Bully session and the arbitrary disallowing of write offs .. very frustrating. 

I purchased for $350,000; added a fence and new lot for $50,000; our closing costs totaled $20,000 for a total cost of the initial project coming to $420,000.

Reach out if you want to dive deeper into how I got started but those are initial steps I recommend you take!

Most people do finance the initial purchase, one way or another.

Historically there is a poor relationship between initial cash flow and actual cash flow achieved over a long term hold.  

edit: They would re-finance the property and get most of the initial investment to the investors, but hold the property long-term with the same equity stake.

Our LLC company was original buyer initially and then we are wholesaling to another LLC using assignment contract.Seller has signed addendum and acknowledged assignment of contract as well.Now Escrow also wants acknowledgement of   assignment fee from seller.

Hey Todd, same as @Stephanie P. don't know much about the two companies you mentioned in your initial post (that doesn't mean anything negative, just never came across them). 

We were able to negotiate some discounts for some damage to the siding they were not aware of and also underground storage tank decommissioning which had not been accounted for in their initial walk through.