Hi All,I have been thinking about getting into the house flipping business, but admit I am a complete newbie and really know precious little at this time.

Hi All,I have been thinking about getting into the house flipping business, but admit I am a complete newbie and really know precious little at this time.

There were 6 condo associations that had their FHA cert. in this city of 350K (mine was not one of the precious 6).  

I also make jewelry, which I will also eventually be selling, along with selling vintage and other fun statement pieces.Real estate-wise, I've bought and sold one house, my own residence in Mill Valley, and was fortunate enough to do quite well with it even after several remodels, selling it well above asking price, for all cash, in less than a week on the market, with five viable backup offers, also all above asking. 

I don’t want to buy huge houses, the nicest cars, the best clothes and jewelry on the market.

@Precious Thompson     As a newbie here who has never owned, bought, or sold real estate I cannot speak from experience on your end. 

I invest my self-directed IRA in 10% precious metals, 30% equities, 40% real estate and trust deeds, and 20% cash and bonds. 

I have rental property, which I want to sell, but ....gain taxes.In my case it is exeptionalyl painfull, because I obtained this propertyas the part of divorce settlement and I am older person now.I already spent a lot of money for professional consultations, it helps but not to the end. ( lack of preperation from my site)I am in the process now to educate myself , as much as I can about 1031 exchange option.I want to be able to ask right questions during next expensive meeting with the lawyer orCPA.What I am looking for over her, for precious help....I am looking for recommendation of the websites which offer help with 1031,and this is their business,they do not require the client to be accredited investorthey provide the listing of properties for saleand what very important, they provide at least closely estimated analysisof the deal. ( price, rent amount, property taxes, other costs etc)After my investigations , I am the most interested in rural California,or Atlanta Georgia, or Charlotte North Carolina.During my searches I found website of type I am looking for, I think it was Atlanta,their listing was very limited, but provided this analyse.but I did not save it ( did not realized how preasure it was) and can not find it again.So please, if someone went through 1031 exchange process, please share the websideswhich helped to find the right property, even better if they manage rentals.My case is so pityful, so the cost to even higher limits is wort it.Thank you very much evaP.S:My expectations, with flexibilityTo have at least 600k from the saletake 120-150 k cash ( pay taxes on this amount)Invest in 2 sigle family housesTo have close to 2k cash flow from the rentpossible ?

I’ll keep it short and sweet I’m sure your time is precious

I have often bemoaned of the precious commodity of time and the importance of guarding it.