Do you have an ideal type of and location within TX/Dallas for a flip?

Warner Robin's is another great market...there's  an airforce base and it's in close proximity to Macon which makes it ideal.

Ideally, you network with people who have owned properties for a long time.

A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

I suggest focusing on building your "Core 4" team—agent, lender (one who can finance both the purchase/rehab and refinance is ideal), contractor, and property manager.

I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.

Ideally want to break even or cash flow with the 3 tenants.

Quote from @Andrew Betts: A single family home with a pool near Disney would be ideal, however there are around 70,000 of those available.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

Around year 7 or 8, ideally year 10, re-assess your equity and maturation of those debt notes and re-adjust how you invest to suit your needs.