Any Advice/Tips for First Live in Flip?

[Alex McLean]

My girlfriend and I will finally be looking to buy our first place in the Fall and we want to do a live in flip for our first place! We believe this will be our best opportunity to get into real estate and open up a couple of paths to go from there. We wanted to ask the BP community for any advice/tips on 1. finding the right property to do this, 2. What to focus on renovation wise when moving in, and 3. any other general advice on how to do this successfully. We plan on using every advantage we can as first time home buyers (FHA 203k loan.) Any help would be greatly appreciated! We are located in Maryland, just North of D.C.