Knowledge is key, so familiarize yourself with your state's laws regarding wholesaling.

Things like:Renovation costs adjusted for local contractor rates (not national averages).Neighborhood data that isn’t just demographics, but factors investors actually track — school rezoning, insurance costs, landlord/tenant laws, etc.Cash flow assumptions that can be tweaked for different investor profiles (flippers vs. buy-and-hold vs.

Talk to a local agent who has been selling and tell them what you expect to pay, and I'm sure they will agree.

I use a PM as I don’t have time to keep up on ever changing laws.

Ignore the responses that are not from local investors, in Chicago an eviction takes 8+ months so you should NEVER take on any risky tenants.

Quote from @Donna Johnson: Any pros/cons for setting up rental property checking account with local bank vs. other national banks to receive income and make payments with my newly acquired out-of-state property? 

And Oklahoma did pass laws a few years ago regarding wholesaling.

@Leonardo Martinez you might get some specific San Francisco help here but the laws in your area are so specific you probably should get a lawyers advice.

And creating a separate management company does not override zoning rules, occupancy limits, or eviction laws.

Start by choosing one or two promising markets, look for areas with population and job growth, landlord-friendly laws, and affordable property taxes.Next, focus on building your local “boots-on-the-ground” team: a trustworthy real estate agent who works with investors, a reliable property manager, and a good local inspector or contractor.