If your able to move and live in the unit do that.  

In the unlikely event that you are the exception that proves the rule, the rare 18 year old who can actually generate a serious income by wholesaling real estate, your day to day will look like the following: - You will door knock, cold call, send mailers, and otherwise create lists of people who are in the most desperate moments of their lives. 

The auctions, although online now, are live foreclosure auctions, i.e. the auction style sale which is the culmination of the foreclosure process. 

The property would be in Florida as that is where I live. 

@Jerry Zigounakisi'd pick a market close to you, or one you have strong ties in, rather than trying to get to one via math.can you invest where you live, or 1-2 hours from where you live, or where you like to vacation, or where you went to college, or where you plan to move someday?

Many of the investors that I work with are from the West coast or the Northeast and it just doesn't make sense for them to invest around where they live.  

I used to live in the city and the taxes and water bills are nightmares.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

Quote from @Isadore Nelson: I recently acquired a property with an existing tenant who has been living there for about four years.

I need a consistent partner who wholesales virtually in the Central Indiana market....Every deal ive ever closed was with someone that didnt live in my market......I am boots on the ground on steroids lol