I've seen a few houses that list as 3/2 requiring substantial rehab, but could probably become 4/2 with the right plan. 

Many require RFPs from the prospective landlords.

Is the roof updated, and are there modern electric wiring and new water pipes?

I would be hesitant to say its not required in Alaska, Mike.

Ultimately the lender will require a personal guarantee from the borrower unless the property qualifies for non recourse financing (which is rare and generally applies to larger transactions than those contemplated or executed upon by BP forum posters).

When I wholesale a deal I require the buyer to pay all closing cost.

We don't require Saturday to Saturday, but do encourage it.

Certain markets allow you to buy completely remodelled and rented houses that will generate rental revenue right away without requiring a lot of upfront effort.4.

The other option is a water tank.   

CCIM and SIOR are good options, but they require a level of portfolio requirements to receive the designations that you won't have until you get immersed in the business yourself.Ultimately, what you need more than knowledge to succeed in this this business, is the willingness to have hundreds of conversations weekly with people you don't already know, and to do that every week for the rest of your career.