Most of my out of state investors are looking to see what financing options are available for BRRR as well as buy and hold. 

Ironically it's much more difficult to buy a quality asset than a cheap duplex, as you are competing with other experienced investors and it may take more time.

We would like to grow our portfolio as time, finance, and opportunity allow.Lastly, our oldest is headed to UConn for her PhD (6 years) and instead of paying to rent, our thoughts are to do a version of a house hack with buying a house/condo with her living there and then renting out one to two rooms to offset the costs of her rent.

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.  

While wholesaling is the business of finding properties to put under "contract" to transfer the contract to buy the property from one set of owners to another in a short period of time.

A common objection I hear when speaking to sellers is that they'd love to sell to me subject to but it will affect their DTI when they go to buy a new house.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

Buy what is familiar to you and close to you.

@Marcus Amison, that is a question for a real estate attorney in the state you intend to buy property in.

It seems like you have a fantastic chance to maximize the space in your existing house so that you can earn rental revenue.