But since it works perfectly fine for me, it always rubs me a bit wrong when folks imply having no job is better than having one.

I'm pretty sure my data is wrong but I can't seem to figure what it is.

I could go on for pages of what could go wrong if you are absentee and far away (and trying to manage it from afar).Bear in mind you may have to go by frequently for any number of issues related to the tenants, the building, etc.

If you are gutting kitchens & bathrooms, opening up walls, altering the floorplan, relocating or otherwise upgrading plumbing and electric, and then the plan is to immediately flip the property and you don't wish to get sued into oblivion after the sale if anything should go wrong, then yes, pull permits and used a licensed, bonded general contractor.If on the other hand this is your personal residence and you just want to paint, change some trim and flooring, and freshen up the bathrooms and kitchen without gutting or moving stuff around, then you may be ok without permits.There are many shades of gray between those scenarios too ...

Is my logic wrong?

From my experience, things go wrong, and having a partner to assist you will be very beneficial.

Am i approaching it wrong?

I put it in the wrong discussion forum before. 

I put it in the wrong discussion forum before. 

Don't blame a GC for hiring the wrong GC, if you say through your actions "tell me this and I will hire you" guess what, they will, and its the desperate you will be getting because those of us not desperate because we dont need to be, we told you the truth, and you didnt like it because Mr desperation said "oh, uhmmm, ok, i will do it for less, yeah less".