New Member - From Minneapolis, MN - seeking advice!

[Jordan Webster]

Hello all! 

Within minutes of being registered on BiggerPockets, I've already found ( and sent messages ) to a few other new members from Minneapolis starting out just like me! Recently graduated, I am Mobile Platforms Software Engineer already looking to make a career advancement into Real Estate investing.

I have already found a great mentor that is a contractor and has done a lot of flips, and a real estate agent with just as much experience to work with! I am currently in the process of finding my first flip, which is the reason why I am posting now. Honestly, I am having a rough time. Looking at an all-in price point of around 150k-250k in the South Minneapolis area, there just seems to be too much competition. I have been looking for months now and beginning to think I am doing something wrong, or missing something huge when it comes to finding potential flips! I scour the MLS listings my agent has setup for me that lists new properties that come on the market daily, and also sites like Zillow but every time I find a decent flip, I get waayyyy out-offered or it already has 10+ offers on it. Is this normal for new investors like me that don't have tons of cash for lucrative offers? Can anyone offer advice or point me into the right direction to learn on this site?

Thanks