I recommend you search the 70% rule and read those explanations.

REI is a great way (the best in my opinion) to get that passive income we all desire.

I've been seeing the same thing with properties flying right out of my desired price range. 

already searching and analyzing the Harris county. 

A flip is a business, so it is subject to ordinary income tax.The IRS does not care if you buy a house, improve it and resell it or you buy bread, mustard and lunch meat and make sandwiches - to them it is the exact same business model.You can search the vast number of writings I've done on this subject on Bigger Pockets.I agree with your CPA in all aspects and here is why.Running it through an LLC:  If this project comes in at a loss, how is your investor going to prove out their share of a loss or report it? 

I wasn't able to locate any via the search bar on my mobile device. please let me know if there's a better area either in or around Doylestown to attend a meeting in the foreseeable future.

Property management is a less then desirable profession so if you find someone doing a good job be happy. 

I have realtors back home that can help me search for a deal,  but I have questions like...How do yall go about getting funding for your first investment? 

SFH's under 150k are usually not in the most desirable areas.

I couldn’t find much of anything while searching around.Looking to connect and meet new people to discuss RE investing in general.Cheers,Gerard