For me, flipping is like roulette at the casino...so treat it like a business and not a hobby.

The other half is the physical act of defining the best time to cold call and doing it...every single day.

@Aida Casino    Keep in mind Hard Money is more expensive which should only be used if you have no cheaper option when the opportunity arises.

I purchased a run down 14 unit apartment building with heroin addicts, a guy physically abusing his girlfriend, an alcoholic, a certifiably insane person, rents in various states of collection all for the low low price of 500K. 

So I can't physicall get there, I had to find someone at the lenders HQ to physically track down the manager in the building, because he is not answering his phone. 

Both structures have to meet fha physical standards.  

Funds will be coming from a combination of a Roth IRA acct, Money Market, a cash-out refi of a paid-off vehicle (about $11k), and some physical cash.2.

There are many things that can happen that will require a physical presence.

I've owned my house for 1.5 years, and now the military has moved me to a new state.Can I still take advantage of this tax break after 2 years just by owning, or do I have to physically live in the house for 2 years?

Would it be in the stock market that you and I can't control, giving your money to the insurance company and have your earnings eroded by high commissions or invest in alternative asset such as real estate (BTW, you don't have to be the owner of physical real estate, you can be a private lender so your loan is secured by real estate, you can buy tax lien, invest in a syndication, private placement or note fund).