I am a licensed agent in VA and have some experience in wholesaling.

The policy states the property has to be available for over half the year for your own personal use.  

You can't say you aren't taking Section 8, but you can say all applicants will be considered as a whole and it has not been licensed for Section 8 in the past and you had no plans to do it.

MLS, I represented myself, I am a licensed realtor.

As soon as all of my ducks are in a row, I am going for 50 doors in my first year. 

MLS, I represented myself, I am a licensed realtor.

Allstate has covered 2 water damage claims for me over the last 25 years.

Carrying costs of $50K per year, wife holds her equity as a note DOS, and we sell in 3 years...I assume no appreciation.Purchase $550K (to husband), $550K note to wife, $270K sub2Year 1 $50K (PITI plus holding costs)Year 2 $50K (PITI plus holding costs)Year 3 $2M sale (10% sales cost, $250K sub2 payoff, $550K wife payoff) net ~$1M ($650K return of capital $350K profit)That should be about a 20% IRR, any appreciation or higher sale price results in a higher IRR.

The way Wayne County PA handles its OTC property inventory is to hold auctions four times a year.

For the first 2 years of my journey, I've made them all and fortunately, I've learned from them as well.