The best thing you can do starting out is team up with an experienced investor to help you get some skin in the game.

If nothing else, what will REALLY happen, is you will be misused and/or lied to, and be used to fund GAP payments of hard money lenders, where your money will be a points payment on a GAP payment to make the loan overall come as close to 100% financed as possible with minimal skin in the game.Pretty much, the fall guy on your average house flipper, who has grandoise dreams of millions of dollars of profit, but wants little to no risk to themselves, and wants to do everything with someone elses money.

Make sure to check out your local REIA meetings to network, and definitely consider teaming up with an experienced investor to help you get some skin in the game. 

@Jordan Webster, personally, I would prefer having a mentor who was prepared to put some of their money where their mouth is ie. skin in the game (or at least knew where it could be had).

Generally conventional lenders are looking for you to have some "skin in the game" so to speak.

Lenders want you to have skin in the game so if you want to do a cash out refit right away (within 6 months of purchase) you can BUT that refit will only be for 70-75% of the purchase price... not the ARV (or value at the end).

While I won't pay the Harry Homeowners prices for a rehab, I feel that the contractor is a very important part of me making money also, so I don't mind paying a little extra or even working a JV, we both have skin in the game, and it is a win/win for everybody. 

He had skin in the game.  

Basically EVERY bank I have talked to wants you to have SOME skin in the game.  

They have more skin in the game then you do.Make sure you get clear title.