Questions about flipping and renting

[Justin Willmon]

Hey everyone, 

Benn listening to the podcast and reading as much as i can. When listening to the podcast i noticed some of the guest they have, are flipping or renting 60-100 houses a year. My question really pertains to the flipping aspect.

When flipping how do you go about getting financed? Im trying to get into my first home, and think there is some money to be made. But if i say I'm doing it as an investment property they will require a larger down payment correct? Also how do you go about the capital gains tax if your only holding the home long enough to flip it, and not the full 2 years to avoid the tax? 

Really wanting to get into something to flip and I have a foreclosure lined up with the down payment ready, just not sure the best way to approach things, to ensure i can purchase another home in the near future.