Some of the issues brought to our attention by current tenant would need to be addressed by the seller before acquisition.There is a potential piping issue or cracked pipe somewhere as the tenant complained about some water level problems.  

Also, you'll never learn with the same level of interest as when it's your money at risk.

The market is really hot right now at a national level.

I'd say a step above Warzone level.

. #3 (the conversion to a duplex) we have finished one unit and have that rented, now starting construction on the upper unit.

You may be able to swing a light fixer upper to tend with.

I am debating on a buying at wholesale and remodeling or doing a demo/new build and am curious what new remodel/new construction cost run on average per sq/ft for mid level builds.  

LOL, I'm just trying to help reduce your stress level.

I grew up with parents that have a few rental properties and worked in property management for 4 years, and an MBA, but I want to get into RE investing on another level full-time.

I possess the necessary skills to do much of the renovation myself, and with dual incomes from myself and my (long-term) girlfriend, I think investing in a fixer-upper, multi-family home is a logical step for us.