I figure if I can start doing some work with real estate professionals in this capacity along with getting my license and practicing, I can gain more clarity and experience.Any advice?

This is obviously a great way to meet others and connect while gaining constant knowledge.  

And if you stay for two years, you don't have to pay any capital gains taxes on the flip – which can be more than 30% in some cases.  

Look at the comps with a realtor that does flips, see how much value would be gained commiserate with the renovations required.

This is obviously a great way to meet others and connect while gaining constant knowledge.  

Sounds good Dan Crenshaw your this is how I like to see my cash flow deals you putting 25k out of pocket Approximately, so at 700 cash flow you getting 33% a year give or take, let's just say you have 90% default renters rate and extra expenses if you can keep that number with all about 25% I considered a awesome deal and if is in a market that's gaining Value it a super awesome deal

I just read a forum post about someone becoming a distributor for windows and similar products and he has been able to gain substantial cost savings.

SF and MF are two totally different worlds, so the experience that you are gaining in SF will not necessarily guarantee you success in MF.

Finally, if you rent the house out, when you sell it you'll have to pay capital gains on the appreciation.   

Tax-free gain is something to consider.