Look for distressed homes in established neighborhoods, or homes in neighborhoods that are being revitalized.   2, Evaluating Homes for a Profitable Flip.

Starting off with single family houses is great, but you'll want to 1031 exchange them into larger and larger properties.  

Hey Joelle-I have three larger multifamily buildings in Dutchtown, and I live in Idaho.

The downside to them is that they would not get to participate in the overall profit of the project if it all goes well, but of course they also have less risk than everyone else.If they want in as equity investors, you should consider an LLC or a Limited Partnership (with the LLC as the general partner). 

Even though it’s sucks do not just walk away without a exit strategy based on considerable side profits

Looking for a local bank that can give an answer for a loan in less than a month, the way it seems larger national banks operate.Would be willing to relocate my personal banking if that would help.ThanksNathan

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

Some people classify a primary residence as a liability because there is no cash flow (I personally see it as an asset) and unless you are renting it out you are losing money but everyone has to live somewhere so you might as well be paying down debt on something you can potentially sell for profit later. 

The flippers I lend to are making a good profit, even with hard money. 

For some buys it may not make a difference but if you are on a strict budget it could be the difference in turning a profit or coming across a big issue and breaking even/losing money.Good luck!