If you have the right attitude and aptitude, you can learn the skills necessary.Here are my thoughts:Don't lose sight of your goal. 

Need to be selective on product and on micro level location and property management is key to achieving thisFeel free to drop me a pm if I can help

The average rents for comparable properties was $1,368The average sq ft was ~1100Most properties were 2/1's; most did not have a backyardAll properties had to mid-level rehab, some are very high-end and could be considered outliersAnalysis can be found at this spreadsheet. 

But to be honest with you, If you do not learn some construction skills, your progress will be a lot slower as contractors will be raking in the majority of your profits.Get a pro account on this site so you can access the PRO only blogs and avoid all the goofy stuff that can confuse you sometimes.Take NO advice from salesmen such as realtors/brokers.

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).