New investors or people who lack skills need to be much more cautious so they should put inspection contingencies in place but know if it is a great property in a great area, you're not the only person making an offer. 

(you should get to the point where an inspection is a waste of money unless you don’t have the time to look yourself) By knowing what needs to be done you’ll have a better knowledge of pricing, and skill of your contractors.

I’m new to the real estate investment world and have been determining the skill gaps that I should fill for myself.

If its developing new skills do that.

If you are going to be an active REI, you may consider sharpening your accounting and bookkeeping skills.

Thanks in advance for clicking this far, as I greatly appreciate your insight no matter your skill level or experience. 

She appreciated that I respected her business and her employees, my healthcare background, and strong finance/accounting/business skill (thanks to Bigger Pocket and real estate investing!).

She appreciated that I respected her business and her employees, my healthcare background, and strong finance/accounting/business skill (thanks to Bigger Pocket and real estate investing!).

You can take the course on this, get the credentials, offer the service on the side and use the skills for your wholesaling/flips.

Hard money interest payments can eat you alive if you're not careful, so I'd recommend getting some more rehab experience under your belt before you use hard money to fund a rehab.So I think that leaves the other two options, buying another ready-to-rent (turnkey) property using the FHA low down payment, or doing a 203K rehab.That's a tougher choice and really depends on your skill and comfort level with rehabs.