Advice on flipping for beginner!

[Andres Echavarria]

Hello Everyone! I am currently a full time college student and have recently started to become very interested in real estate investing. When I have time, I work for my cousin on his properties. I have worked on a handful of flips and have been fascinated by the results. Since I am only 19 and have very little credit experience, I doubt that any bank will give me a mortgage. On the other hand, my Dad offered me his saving for me to invest in a property, which we would work on together and split the profit. 

The only thing holding me back is the thought of putting my Dads hard earned money at risk. I understand that risk is always precent when investing, but with the right knowledge many mishaps can be avoided. I was wondering if any of you from the BP Community had some advice that could help me make the right decisions. 

Here are some of my main concerns. 

-Estimating the repairs and expenses

-Determining selling price for fair sale as-well as fair profit

-Knowing what needs permits and what is fair game for me to do my self. 

-What kind of properties to avoid and which ones to look for. 

I am all ears please help me out and thank you for your time and advice!