I have been reading, listening to podcasts and more but have yet to find a post that walks through the basics of the wholesale process as a buyer. 

Basically I'm asking if I can / should do this:- Create an IRA LLC structure with the LLC being in New Mexico / Arizona- Create nested LLCs for any real estate investments, ex. an Illinois LLC for an Illinois property

I'll check with him. has to be done by a broker or at least signed off by your broker.. there are mandatory disclosure docs right on the DRE website you can pull off and read.. pretty basic stuff..  

One of your first steps is to find cash buyers and understand their criteria, you can find them at such meetings.

Foreclosure Actions (Depending on value - filed in Circuit or County) BUYER BEWARE!

I am not super familiar with reverse mortgage but if you do some basic math$72,000-$50,000 purchase price-$5,500 selling costs=$16,500 assuming your numbers are correct and you don't have to do anything to the home before sale

I am looking for some advice on options for first time home buyer financing.

The letter basically said she was a great tenant, if he (the landlord) didn't need to move back into the house himself she wouldn't even be leaving (the landlord was a military member who was getting out of the service), and if given the opportunity he would rent to her again without hesitation.  

Some of that learning is just getting up to speed on investor basics, but other bits of knowledge may be less well known or obvious.

I've been a Louisiana broker specializing in buyer representation for a number of years.