What other numbers and aspects of the property should I look for and aim for to purchase wisely?

They often tend to be associated with "wholesaling" as given the nature of that particular niche, marketing is crucial. 

(mentor) I'm motivated to learn every aspect of real estate and be the best I can be.

Hi Apkesh- Apex, Cary, Morrisville, Raleigh in NC ( Wake County) are great places to move to in all the aspects that you are considering.

I believe I am being conservative in all aspects of this approach.

I'll chime in if I can, but for the most part I am just a spectator at that level mostly by choice. 10x was never my goal, so being content doesn't inspire the passion for 'knock-down drag out return metric discussions :)  But I'll cheer you on if you get one going, Bryan!

I learned that communication is crucial in self-managing.

With turnkey, you're trusting a group of people with basically every aspect of the investment, not just rehab or management - all of it.

Please note I am not concerned at this point with the liability aspect, or from an insolvency standpoint. 

Its kind of scary to dive into something as risky as this aspect of real estate.Ive been renovating properties for someone else to become wealthy for about 17 years.