So the timeline is dependent on experience, amount of work, contractor trustworthiness and promptness, etc.

I am  realtor and my husband is a contractor- we want to get a heloc on the condo so we can begin out first flip together and be able to use the funds when we need and then put it right back after closing.

Hello BP,I've been working as a Gov contractor providing Cloud Engineer services for a while, but my true passion is commercial real estate.

Add at least 15-20%Determining ARV is key.Be upfront with your contractors.

I understand a fixer-upper would require a lot more work in accurately determining repair costs, finding good contractors, etc., but I think the learning experience would help set me up better for future deals.

Based on the local market, $15k for renovations seems light—have you had contractors confirm this budget? 

I have meetings with my lawyer to discuss partnership contract and acct for the financial piece.Since this is extremely new, I am building a team of a contractor, broker, loan officer, accountant, Lawyer and investors. 

Look for homes with updated systems—new plumbing, HVAC, roofing, and windows are essential for long-term value and tenant satisfaction.

My team and I are traveling next week to meet contractors; look at land for hotel development on the beach side. 

You mentioned a career change, I think going into the trades like plumbing and electrical are great and you can make good money doing those, but I think you may be taking on too much by trying to do that right now.