Based on that we are definitely wanting to have some level of security.

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.

Install newplumbing supply and drain lines to main bathroom on second level and new full bathroom location in basement.This will include the labor for both rough-in and finish work.

That means I've got to get the deal locked in with my seller for less than $70K in order to earn a wholesale fee.How much below $70K I can get is limited by circumstances and by my skill.

The question really boils down to what you're trying to do and what level of asset protection you seek.

An LLC is a legal entity that doesn't exist at the federal tax level.An LLC can be taxed as a Disregarded Entity, Partnership, S Corp, or C Corp based on number of members and elections made.An S Corp is a federal tax status (that many states also follow) that doesn't exist in the legal world.An LLC taxed as an S Corp vs a corporation taxed as an S Corp is the exact same at the federal level (there are potential state differences).

This is a people business, so network and develop your social skills.

I'm  looking to get into house flipping I think the skills i have would help cut costs in the flipping process.

Multi Family is still very hot here and the properties you'll find in that price range are C or D level duplexes. 

However, the level of education your post suggest is not realistic and I do not know how to even get people that would be in this situation to a level of understanding that is suitable.