Just know that getting more bids later on may come in lower or higher so account for that...for a first time flip just go ahead and assume you’ll spend more than you think.

Just throwing out an idea here; if you have 300k to spend, and you don't want to deal with the headaches of management, have you considered alternatives to landlording?

If you spend all your money upfront the lessons learned won't matter.  

How would you go about spending that money to market for your first deal?

I'm 34, married, and have 2 kids, we've always kept our spending in line where we can live off one income. 

I'd spend more of my time understanding the sub-markets of where you plan to move/invest in and track what's going on locally there, then familiarizing yourself with legal processes; maybe even start to make local contacts there prior to your relocation.

The bottom line is that I'll stay home and skip Cochran and Watson's Las Vegas weekend (Vegas has never been my cup of tea in any case) and I'll spend my money on my own marketing campaign. 

Hello, my first time too that I am running into this for a tenant that is requesting for rental assistance through the county.

I've had more than 10 local rentals and assisted others with finding homes.  

I would consider building your own Roth and work both accounts together and if you get to the point that you are replacing your W2 income you can live off the income it is easy to take the money out of the inherited IRA at your spend rate. there is also a way to take the money out of your Roth IRA prior to reaching 59.5 years old.