This isn't to say that you can do lesser quality work--especially when it comes to your mechanicals--but you won't have the pressure to make a sale at the completion of a rental, because it will be appealing to someone looking for somewhere to live for a year or 2 as opposed to having to meet the tastes of someone looking to put their roots down for 30 years or more.In that time, you can learn about drywall, plumbing, electrical, and how much material costs overall, while not having a super pressurized "out" date, or being worried about when to list.Starting with a nice, boring, 3 bed 1 bath rental is my advice for newbies, as you'll learn about what it will take to flip, without having the pressure of a flip over your head, or having your money tied up in.Also, investing by being a lender with someone more experienced than you may give you a good insight without having any pressure at all, and only observing the process while awaiting a check with a return at the end.

@Nick Wilson Indianapolis is a bitttt saturated for my taste.

Just as you say, it's a matter of taste. 

We choose to provide, functional, clean properties, that have everything fixed, Not Many frills but everything is tastefully decorated.  

You are allowing your own personal taste to interfere with your business decisions. 

Some markets are way too high for my taste, but some are more stable. 

You can watch Podcast #257 to get a taste of how he works.

If you need additional info pm me.Good Luck.Good point and sadly I have a sour taste on the use of self-directed IRA's.

The appeal of a tiny home depends on personal taste and life need (Google "med cottage").

Of course this is all subjective as ones tastes are very different.