A lot of people immediately say I am calling a lawyer, but I would not suggest doing this, as it dIgs people Into a defensIve posItIon.

Now I just need to figure out if it’s worth it...was reading you can self identify as a fund, but only under a partnership or corporation.

I am self managing these units and enjoying it at the low level. 

I have been doing my own diligence as well to self educate, but there is no better source than experience.  

You should include it even if you are planning on initially self-managing.

@Jesus Ramirez Income from wholesaling is treated as active income, subject to self-employment tax in addition to regular income tax (at ordinary rates).An LLC is one option but your entity structure should be decided after a full analysis of your situation by your CPA and attorney.

Presently I work full time at Wal-Mart as a Maintenance Supervisor and wish to be able to earn a self sustaining income through real estate so that I can retire my 9 to 5 job, be my own boss and have time to travel with my wife and enjoy life.                            

Most books and podcast suggest going to brokers to ask and discover local cap rates. However most books and podcast also make it seem like the brokers hate tire kickers and wont work with you if your not at that momen...

Much under that we will self fund.

All of these folks have to interact in a timely fashion, and then the whole project has to not raise your PITI beyond the "self sufficiency" guidelines of the loan.