Financing for your first flip: What did you use?

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As a newbie, I have been educated and done a lot of research on different types of funding for first time flips or holds. We are looking at properties in the Tampa/ St. Pete and Sarasota area's, which are area's that seem extremely competitive. Of the 10 homes we have seen and expressed interest in, all 10 had a deal written within 1-4 days of being listed. FHA loans and other mortgage lenders cant compete with cash or hard money buyers in that market.

My question is to the experienced investors with a few deals under their belts. What type of financing did you use for your FIRST flip, and why? Did you make a profit? Looking back, would you have used a different method of funding?