companies/individuals who do this and what are the pitfalls that i should avoid to check if they are not scamming.

Therefore, future properties will be purchased under the LLC I just created.  

Louis with a similar model (creating turn-key $30-35k rentals).

Most reputable turn key companies buy distressed properties further upstream (i.e. auctions, tax sales, etc) at much better prices than the average individual.

You could potentially be liable as an individual, without the protection of a corporation/LLC, and without the benefit of insurance coverage.  

It's all depends if you purchase under individual name or company since those entity subject to tax in different ways.  

@Caroline Hires Just a thought, from an online marketing perspective, I googled "how to invest 100k" and didn't see any top-of-page advertisers - you might bid on that keyword (or similar), create a short landing page making the case for why investing in real estate with you is a good idea, and how to contact you to chat at the local Starbucks.

One specific question I have is about how to create wholesale contract so if anybody can help me out with that, that would be amazing.

.- Reduced transfer fees since the corp could be transferred in possession of all properties, instead of 5 individual transfers. 

My goal with REI is to ensure a comfortable lifestyle through a smart and diverse holdings and attain true financial independence; I also want to help other like-minded individuals and do the same!