Flipping houses in LA / Venice / Mar Vista

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Hey guys,

I am looking to possibly get into flipping houses in LA area, I've been pushed away from doing this for a long time as I always fear there are big fish out there that have much more experience than me and they know how to both analyze and make quick decisions as well as have access to a network which allows them to tap into opportunistic deals for flips.

I have come by different areas in LA that have old houses sell with larger lots with a huge upside to the lot size vs current build.

I.e - Average new built house $1,200 a square foot. A 1400 sqf house sells for $1.5m but has a lot of 6,000 square feet. 

What I have access to:

1. Funding - Cash, line of credit, etc. 

2. Construction partner - I have a contractor partner who can build at cost

Where do I go from here? How do I learn what I need to analyze when looking at a deal and how do I do the math? 

How do I get access to deals which will allow me to be competitive in the market and actually succeed with today's prices and interest rates?

Where can I get more insight as to what steps I need to take to become confident enough to pull the trigger. I am talking about big deals here, 2.5m+ all in and I would need a lot of confidence before I start.

Any insight, information, or people who I can network with would be great :)

Thanks