True, some turn key companies put big mark ups on their properties and sell them above market value, however, turn key companies that allow financed purchases and allow for an appraisal contingency can't do that.

I believe that the reason some say it's illegal is that there is a general "nothing is allowed" approach with the municipal code unless it is specifically allowed. 

Main reason is we would like to buy a house given the growing family but need to make sure we have enough equity in it from the rehab to resell again within a year (or just over) should we have to move (which is a real possibility).

There was a chance someone could have sued me personally if they felt I was negligent during those time periods for doing them wrong for whatever reason.

Are there any reason i should NOT do this?

I'm currently reading the book on flipping houses, but it would be nice to have a mentor so I can understand the true ups and downs of investing.

They guarantee at lest 6 months of rent at $450/month over what I am asking almost sounds too good to be true.

Two landlords in town tell me they go all electric for the reasons discussed on these forums (one bill for tenant, one sec deposit, etc).My HVAC guy tells me 1-2 of the bedrooms will be difficult to maintain warmth and the cost to heat will be very expensive for electricity.

My goal with REI is to ensure a comfortable lifestyle through a smart and diverse holdings and attain true financial independence; I also want to help other like-minded individuals and do the same! 

It seems that there is a reason why properties are listed at such a discount compared to properties in good condition within the same neighborhood.