There is an active investor's community that will help steer you in the right direction.

Hey Clint welcome to BP, There are only a select few wholesalers that work the Lake County area...and from experience there are a 1-2 that you should very much steer clear of. 

And as for your second question, i am steering towards the flipping aspect of it all, because it seems to me that rental income is not too yielding unless i acquire many properties.

Most folks will have a tax accountant who steers them into keeping their books right. 

people are their bravest behind two things...steering wheels and keyboards.  

You would steer most of your work and repairs  to him and that should make him happy and you would have a handy man on site and that would make you happy and give fast attention to your tenants  You would also have a permanent tenant that would not move because he had a job by remaining as a tenant.  

He/she should have steered you away from this.

if you have anything that would help steer us on the right path, we would appreciate the help".A background of our current situation.We are Self-employedBeen Self- Employed for 3yearsWe have a business ABNWe are registered for GSTOur capital growth Is assending and our monthly situation is 27k."

People who we have spoken to have recommended we steer clear of the 70/30. 

If you want constructive topics and advice steer clear of demeaning our colleagues.