Flips - holding cost financing

[Kyle Fredette]

Hi all - I invested in a short sale home 2 years ago, which gave me immediate equity upon closing. Since then, I have added additional value through updates and repairs. I have lived at this property, so I will be getting relief from capital gains. As I look to sell (with the intention of reinvestment), I am trying to decide whether I want to buy my second property and keep as a rental, or buy with the intent to fix and flip.  This next property will not be my primary residence. 

I am leaning towards fix and flip because of my experience with my current property and the relationships I have gained through the update and repair process. It seems natural to transition into a project of this type. My question is regarding the cost of holding the property while we are "fixing", since I want to keep my cash safe. 

Is it possible to finance holding costs? Are there other ways to safeguard my cash in case the property doesn't sell right away? Obviously I want to minimize my risk. Any experience/advice would be appreciated.