what is the difference between buying turnkey and buying excellent shape retail SFH just off the MLS?

I want to wholesale a deal to get my feet wet in this industry but I was just wondering how much money I need and how much money i could possibly lose?

I'm a freelance writer, journalist and blogger covering various aspects of the commercial real estate industry, from developing, to legislation, to tips and tricks, to markets to investing and more.

There is a large brokerage firm and a few newsletters devoted to our industry that attempts to give some average purchase CAP rates.  

@Pete PerezI set up automatic searches for all of my clients - investor and retail.  

My goal was to focus on learning the industry first, then focus on my own investing.  

Residential, MultiFam, Retail?

Zero work and you might find a retail buyer that would pay more.

Instead, locally, they use a building supply company that has better quality control and similar prices for contractors than the retail price you pay at HD/Lowes. 

It is not common that the realtors know how to determine ARVs; they are usually more trained for retail sales.