"Down payment assistance." consisted of raising the price and telling the people buying the paper that the people put down 20%.b. 

Problem is I have no earnest money, no proof of funds, truth is this is my first time trying to wholesale.

By your calculations, the final annual return still sounds way higher than if I used mutual funds or a money market account to save.

It seems as though there are many loop holes to jump through to get funding. 

Unless you own an index fund you also have to keep up with what is going on in the markets .

I do not have all the answers to tax questions, though, which brings me to the following situation.Like so many Americans, I found myself at retirement time with insufficient retirement funds to take care of my old days.

Your best bet, in my humble opinion, is to find a 2-4 unit where there is 1 vacancy, or 1 lease that will expire within 60 days of COE (for you to live in), and STAY at your W2 job unti your purchase is complete so that you don't have to wait another 2 years for job seasoning.There are also first time home buyer programs that can help you with down payment assistance if you are short on funds. 

Also what method do you use to transfer funds from your property LLC's to your 'main' LLC, do you just call it a management fee and bill the child LLC's?

Forgot to mention we are also looking to start out using the FHA 203k loan that provides funding to purchase and rehab the property.

Turnkeys are great if you don't have enough liquid cash to fund the property outright and still allow people to invest in cash flowing rentals and gain 1-4% appreciation annually in most of the midwest markets.