@Angel Samayoa, Welcome to BP! and Welcome to the world of investing.
It can certainly be a wild ride... As @Dawn Curry and @Joe Vastola have pointed out you'll have to access what you, and your partner's, goals are. Flipping can help fund the B&H strategy, which - depending on your perspective and market, can be "leveraged up" to escalate the rate of return and cash flow. Joe points out correctly that it's vital know the risk of the flip. General rule: The rehab cost will always be more the what you budget. So add in "buffers", and get inspections early on... Here in West MI, and Grand Rapids, MI it's taken a while to build up a network of: inspectors, loan officers, contractors, and sub-contractors, etc... but once you've got those folks in place, and you've checked their references / done your research, then the next big step is to take the leap... I may have missed what your funding situation is currently, but perhaps the local LA market is within your wheelhouse. I sometimes work with a few folks from other, more cost prohibitive markets, who like the benefits of the MI market / mid-west market. Though this approach isn't for everyone, and the comfort level has to be there.
Back to the Flipping side of the equation; what is your back-ground? Do you have general construction, etc. experience? That's always helpful (beyond the HGTV shows). If not, perhaps you can connect with some contractors in your area to walk properties, and discuss the 'tell-tale" signs to watch for on major issues. Hope this helps... Good luck, get started, remember to "power through" when stuff goes wrong (which almost always happens), and feel free to reach out with any questions. Cheers...
