Start small and Make Your Big Mistakes Early. 

I am following this discussion and mistaked it for my own post that I had posted.

An immersive 8-week virtual summit designed to help you identify opportunities, avoid costly mistakes, and build lasting wealth in 2025 and beyond.

there are so many threads on BP from folks in NYC or CA or DC who bought a property in a "low cost" market and immediately regretted it:https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/52/topics/1010977-12-00...i provide this information not to discourage you, but so that you can learn from what they did without making the same mistakes.  

Here is what I learned, my mistakes, and what I regret house hacking starting at 22: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

I've been trying not to reply to so many posts about this, but also need to watch out for rookies to save them from losses.The other thing I don't like is that so many folks interested in this usually have very little extra capital and could lose some or all of their "extra" capital on a bad wholesale deal if they made one mistake. 

As a newbie, I need someone to guide me from the beginning to try to avoid mistakes and hopefully be very successful.

One of the most common mistakes beginners make is jumping into large rehab projects without having a solid team or boots on the ground. 

DA 20-25k profit at that price point is good for your first flip with any mistakes and overages.

Start small and Make Your Big Mistakes Early.