So in your examples the first option would be commensurate with what we typically expect if I am understanding correctly.  

@Sara HabtomJ Scott's book pair about flipping and estimating flips was pretty comprehensive and no upselling.Amanda Han's two books on tax strategies were also pretty good starters. 

I understand that there are some requirements aren't a legal necessity to obtain, but would look better for future LPs.

I would like to better understand the financing options that are available. 

Some examples:- High deductible policies are a form of self-insurance- Stand-alone captive insurance w/ re-insurer backstop - Group captive w/ re-insurer backstopThere are many other approaches, but the key is a solid understanding of risk profile and risk management.

I'm in Houston so would like to start in my backyard but need to do market research to understand land prices, expected rents and market saturation. 

When deciding, obviously check online reviews and also understand the difference between custodial solo 401k and checkbook solo 401k. 

I understand what motivated sellers are and when you do, you will see that you CAN NOT target them.So I focus all my energy into being the easiest person ALIVE to be found to a very specific audience: People that are willing to sell their house below market value".THAT is how and why my wholesale deals reach 6-figures+ consistently.Want more direction?

The secret is understanding "Motivation".

It sounds very lucrative, and I think I'd need to have some construction/builder knowledge to understand how to rehab a property.