I've been a licensed lender since 2008 and have flipped hundreds of homes.

I have seen a few house flips where I could tell there was no effort in thinking about the functionality of the space and how that affects their sale. 

Congrats on your first flip!

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Depending on the zip code I was wondering could I gamble with them on a fix and flip or brrr.

@Rick ImI have an expense account called "Failed Real Estate Escrow Expenses " (in QuickBooks) for my flipping business and bookkeeping clients.

It also depends on whether your next purchase is a rehab, turn key, flip or hold.

Period.Likewise with flipping houses -- I've flipped a lot of houses, and it's safe to say that if, with the knowledge you can get for free, it's tough to lose more than $10K in many parts of the country (barring some macro-economic event).

Also, what strategy are you implementing (flip, BRRRR, etc)?

I would suggest looking to bring in a partner and give them a percentage of equity for the $.Another option is to take profits from flips to grow or look to sell some of your rentals to grow as well.