I would assume that buying a turnkey property is a good start and I would be able to use the capital after that to go deeper and work on the rehab process…Any opinions?

There are some good podcast and books that go deeper into it.

Then Dive in head first!

I really want to dive into that part of RE investing, so knowing what other sources and or tips you guys can give me would be much appreciated. 

The 50% rule is good for quickly analyzing and determining if you should go into deeper underwriting but should not be using to determine what your offer will be to the seller.

I'm gaining a lot of knowledge of all real estate investing before I dive straight in.

If the market were to change I am in good shape to dive right back in.

Looking to really dive into any books/resources to understand real estate investing!

This is mostly used to see if the numbers are in the ballpark before you do a deep dive on the financial details.$500,000 property should have roughly $5,000 in monthly rents.

Until last year I was deep diving into our budget looking into easy ways I could save more money and I don't know why it took me 4 years to figure out that paying a mortgage on two properties was the biggest waist in our budget.