I hadn't found BP yet, but I found a SFR that stunk, was filthy, but was sound and only needed cosmetic work and cleaning.

It is always easier to do this in the year of purchase because there is a little more red tape involved by breaking out assets after the year of purchase.

From what I hear, lessors clean up on those deals because the lessee for whatever reason cannot go forward when it's time to exercise the option, thus keeping the option money. 

I had a tenant who passed away, even though she had been clean for a while and had her parents helped, her ex-boyfriend came back into her life and overdosed her.

Keep being involved in the forums, reading the BP material and guides, participate in the BP webinars, check on the videos on the formulas, and listen to the podcast.If you need help with a particular lesson feel free to message me!

I describe Class C as "nothing fancy, but it's clean, safe, everything works."  

If you bought a SFR or rented one then you would be paying 100% of the expenses involved.

Get involved in networking....virtually but in person also. 

Are there books, Podcasts or ways that I can study about how it's done and the details involved.

You will NOT save any money by operating with an LLC, indeed there are startup & operating costs involved (not large), which means having an LLC will actually cost you more than not having one (outside of any liability related issues).