First Time Poster - Aspiring 19 year old Home Flipper

[Michael Bross]

Hello, my name is Michael, this is my first post and i'm a rookie so bear with me here. I've read a couple of posts on here and it seem like i'm in the right place. I'm 19 year old and several factors of me growing up have made home flipping the perfect business to start. I'm not going to go into detail on this post put you can read my story in my profile and see why I know this is the right path for me. I've been doing tons of research on properties, types of start-up capitol, what exactly goes into flipping a home and I've read tons of stories on people success and failure in this market. My questions below are for all home flippers on this forum, whether you're a seasoned pro, or just started a month ago. Feel free to answer all or even just one. Every bit of advice will be great help, feel free to even add something off topic of my questions if you feel it a useful tip!

1. What are that main problems that you ran into early on in your house flipping career?

2. How did you get your initial investment money for the property, materials, labor, etc?

3. Is it more common for flippers to sell their own homes or use an agent? I know that question is kind of difficult because everyone is different, but what do you do to sell your homes? 

4. I know the time frame varys greatly depending on house size, condition, and all kinds of reasons. On a good steady flip of a $10,000 +/- home, where it's having work put in daily, what is YOUR average time frame from initial purchase, to completion of rehab, to sale of home. 

5. What is one thing you wish someone told you before you bought your first flip house?

6. In your opinion, what is a good price range to start out with for home price and based on that initial investment how much would YOU budget yourself on putting into rehabilitation?

I want to thank you for your answers in advance, I would appreciate any good blog links, book titles, or other forms of knowledge that are going to help me critique my business. 

I'm sure you'll see plenty of posts from me, I always have questions!