Since i am 20 and wanting to get my feet wet, if i pursue this, should i take lower assignment fees?

I have a 9-5 stable job. but want to get my feet wet in the real estate world for financial independence and flexibility that will better suit my lifestyle.i have friends and family who are interested to invest as well and we are planning to share any workload, profits etc. equally. we are mainly interested in Multi Family.my questions are,1. since there are multiple people involved, is it better to form an LLC and then proceed?

I am fairly new to the area and still getting my feet wet here so to speak but I have plenty of references from my past and have already built a decent client base here that would be willing to verify my skills and professionalism.

I would like to find a cheaper fix and flip to get my feet wet. 

I live in the Chicagoland area and plan to invest here in the beginning to get my feet wet.

The more wet an area is generally the closer you are getting to the source of the problem.

*cough* lol

The seller and I settled at $155 and we are selling it for $160 (good price for the area).I also agree with you @Tim Brooks. to be honest i'd rather buy this home myself, its a great property but I want to get my feet wet and funds up.

This is no different than a lawyer that's an expert in real estate law charging more for their real estate legal services than some wet behind the ears generalist lawyer that's never done a real estate deal and just passed the bar 2 weeks ago.FYI: I probably talk to 30 people about 203k for every 1 or 2 that actually do it.

I went ahead with the triplex because I though it would be good to get my "feet wet".