And when you're ready, post some specific questions that you might have. https://www.biggerpockets.com/real-estate-investing

Also looking for Michigan specific assignment forms.

If comparing to a very small home, your sf price will likely be less.But you probably won't get many more specifics on BP then what your broker provided.On an old house, if it were me, I'd want to see a higher margin for my first flip, because it's going cost more than you realize to begin with. 

In FL, I believe RE sales associate can form business entities for tax purposes but it must specifically be the name of the person such as: John Smith, LLC.

Please be as specific as you can.

There are specific guidelines you must follow so definitely make sure you read up. 

I joined this community to learn about real estate but more specifically how I can use real estate to passively increase my net worth.

The specific practice tests I bought were from real estate express, which is the one my school referred.I personally wouldn't yet consider upgrading your account.

Anyone that invests in the Muncie market (perhaps more specifically, condos) that could share their two cents on Muncie and perhaps this area in particular?

If you hire the subs then your gc may need to have a specific project manager insurance policy to cover that.