What would You look for in Your first flip?

[Mark Tomes]

I am jumping in both feet!  I am ready to take the plunge, I have some properties in mind (still looking too), i have some financing started, I am reading and listening to podcasts. 

I am looking for a distressed property but not a tear down.  What should I look for in a first flip?  What would you have changed for your own first flip?  Anything I should look out for in norther Oakland county Michigan?