For more details buy the Book on Flipping Houses,  for a few bucks. 

@Alex Bekeza hi awesome, I’m currently looking to purchase my next investment property then after work on my first flip, if you have to to discuss via email or txt that would be amazing I would love to pick your Brain :)

You really don't need a RE license if you're flipping a couple of houses a year.

Are you thinking of more of the fix and flip strategy or buy turnkey and hold?

I am also close to finishing my first flip as well.

Cap rates are at 5-6% on a stabilized SFR with a long term rental strategy.Only strategy I am seeing pencil right now are with a rent by the room / co-living strategy .Flips in some areas kind of make sense where you're all in for around 80% and can make a spread.I'd suggest evaulating different strategies or markets, else you may burn yourself out - this is learned from experience :)Shoot me a pm if you'd like to chat - I'd be happy to chat and help save you some time.

hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do ...

On the flip side, tighter regulations or changes in interest rates could shift market dynamics.

There are plenty of lenders out there that do fix and flip/ rehab lending. 100% on acquisition and 100% on rehab is unlikely, but 80%/100% is totally do-able, and potentially even 90%/100% - all without even looking at your personal income. 

Flipping is hard and has a high failure rate even with experienced people.