Remember, if you sell it, you'll have capital gains that you will have to pay since you are buying the other property before you sell you're old house.

So, is it possible to get an outright loan for say 100,000 and use that to buy, flip and sell a house for a profit?

Yes, you could easily buy a fourplex in Colorado in 2012 with 3.5% down using an FHA loan.

I also got great value from a very expensive course on how to properly buy & manage residential real estate.Regardless of cost, the ones that offered low value were the ones where the founder wanted to sell education as their main business. 

I feel as though your buy box puts you in a position for more flexibility. 

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

Can someone explain something about the buy, borrow, die concept of avoiding income taxes? 

You need to be careful about where you're buying and what your expectations are.

If you learn how to use Hard Money loans properly and how to find good deals in need of rehab, there are plenty of areas of the country where you could buy 3-4 rent properties in solid middle class areas with good cashflow.

I buy in the 220-260k range.