I may end up doing a little painting on the exterior, but any expense would be minimal.

All with minimal down payments and lower interest rates... 2- living frugally - keep your expenses low and you will have that much more to invest in real estate....

I have done some minimal research and will do some more with the many chime ins for that.  

So, I am seeking to join the experienced and successful while minimizing common newbie mistakes.

It is 2 stories and it is stucco throughout with minimal trim. 

Would like to minimize finance costs, not pull money out of existing investments or go into business with friends for this first flip.We are located in San AntonioAny advice is much appreciated.

In order to minimize that risk, I wanted to learn the business first so that I would know the red flags.

They're trying to sell a property with little equity and market with minimal rehab, which used to work in the past.

Minimal investment and return are really their only goals in my experience (not that these shouldn't be on their list, but they tend to be the only goals). 2) they don't live in the city so they don't know the city as well and just tend to buy where prices are low. 3) the quality of work done on their properties tends to be a little below the average investor quality, so honestly I feel as a group they pull value and rents down where they invest, rather than the opposite.There are plenty of us out there who DO care about community focus and try to affect positive change.  

If small capital improvements would go a long way in terms of increasing the value of the property, what would your approach be with the bank if the goal was to minimize up front capital requirements?