I've personally seen the complete utter lack of care and extreme laziness of city officials and code officials.

And I am aware that wholesaling can lead to better advanced stages/goals you hope to achieve.

The PM should know that....Appliances....it rarely pays off to spend more than $200 or so to fix a fridge, stove, freezer...... better to just replace them at that stage.....PM should know that...... approving $800 worth of fridge/freezer repairs ina  2 week span is stupid....PM should know that....Pests...if you have repeat calls on pests..... need to get to the source of the issue which is often tenant hygiene..... and better to address that and hire a monthly service for prevention.

It's good for me because I can be a part of a deal in the early stages and get used to talking to owners.

Just be aware of several things.  1st we are late in the growth stage of many/most of the cash flowing markets; 2nd turnkey will be meaning you are buying at retail prices and need to expect to hold on to that property for at least 10 years; 3rd: the success you have will greatly depend on the quality of the team you work with, and particularly the property management; 4th: choose wisely and vet thoroughly - which I think should include a visit to the market and to meet the team and see the neighborhoods they invest in and the quality of their rehabs; 5th: don't be taken in by what look like better numbers on lower priced properties - these rarely work out well. 

Houses in close prxomity have sold for substantially more and neighborhood is an area that is in the early stages of gentrification near areas that have already seen steady growth in this area.

Also, I joined with a group of 6 persons, buying 2 of the 6 positions on the team (thus I paid 1/3rd the cost).I go to a few Fortune Builders events each year to network and learn - and they're great events with great people, both on stage and in attendance plus excellent education.

"Thank you for buying our house" Seller's are not daft or stupid...heck I bought a house from a trial attorney that makes $300/hr....I wholesaled it...during the negotiation, he ask so how much do u wanna make...i said $20K and he said subtract it and give me the rest....we did the deal....Seller's know what agents do, but they choose to call investors cos we can close fast and quick without the hassle of showings, staging, cleaning, fixing, and so on....sellers know investors are not non-profit organizations.

Currently hold a provisional license and am in the final stages of license approval.  

If anything when anew development starts prices are typically the lowest in stage zero of development.