On another note, you'll want to be realistic and understand that turnkey providers are doing so much legwork for you that you can't expect a high ROI.

Plenty of folks may try to sell you the fantasy that you can have both, but they are likely trying to sell you something and in the end you may end up with neither, so I'd advise the realistic mindset of choosing one or the other.

Some are more realistic than others but still I see the benefit of having the license vs not. 

@Roy N. yes, there are properties for 30-80k all day... they just aren't worth an ARV of 200k like all of these BP wholesaler/flipper stories that we read in the USA.I was just looking at a bank sale last week. 73k asking (realistically it will sell for that because the house is not bad).

Thinking it will be fully passive, even with turn key properties with a big down payment, and still wanting any sort of decent return (better than say ~10% historical average from S&P500) is not a realistic expectation IMO.

My dilemma is that I don't know if I should just hang my license with a investor friendly broker where I can pay a flat fee-low fee/ high-full commission, no help company and "figure it out" along the way (if that's realistic). 

Due to life circumstances, it hasn't been realistic for me to start looking to buy anything.

I'm hearing a lot of different expectations, but what is realistic.

As for the 7% cap rate, look at what's common for that area for cap rates on apartment buildings, that'll tell you how realistic it is.

Perhaps down the road they will come to the conclusion your offer is more realistic than their asking price and will get back in touch with you.