With that being said i am looking for any advice on anything you think I should be learning from books I need to read to mentors I should be speaking to or RE investing clubs I need to be joining.  

I always like to speak in "worst-case" scenarios so that I know there's a guaranteed profit.Let me know if this is a deal you'd take or not, and why?

Generally speaking, LLC's are designed to protect your personal assets in the event someone pursues a claim against the business. 

There are many ways to build a buyers list.1) asking a local real estate agent for a list of cash purchases in your area2) going to auctions 3) networking at REIA meetings4) calling on their bandit signs5) speaking with other wholesalers in the area.these are the easiest ways, there are a ton more, you just have to think creatively

I hope this works out and from what you speak of the seller, looks like he'll be understanding of the WF delay.

I'll let the vets speak for themselves, but I think they learned a thing or two also.  

Financially speaking it's like 4 times what I could hope to swing on my own.Little help please.

Speaking to GRM, cash flow, cap rate etc. numbers look good and here's what I'm seeing from a quick snapshot: Using the numbers you provided and assuming you are putting 25% down and an assumed vacancy rate of 10% and I threw in about $800 yr for updates and repairs to play it safe I see this property kicking off about $385-$400 a month.

My acquisition and sales personnel are in the frontline so to speak so I want to get their perspectives.3.

Hey everyone I just "got in the game" so to speak.