Getting started on Fix and Flip

[Elaine Chevalier]

Hello everyone! I am a recent college grad looking to get started in fix & flips. Please bear with me, I know close to nothing. I have purchased books and will be doing research for as long as I have to before getting started. I want to be as educated as possible before I begin. 

Any tips on how to spot a good deal? and where to look for homes?

This is an example, but if a home on zillow is being sold for about $40k and the estimated home value is around $108k, do you believe this number at all? Should I avoid zillow in general (back to my first question, where should I look)?