If you want to flip, find someone where you can be a small JV partner to learn from them.

In the 30+ rehabs I've done, I learned to start with the finished product in mind. 

What I’ve learned is that it’s JUST as important that the numbers pencil out on the deal as the location.

Lessons learned?

@Ryan BiankowskiIn my opinion, if you have no experience flipping houses, no experience dealing with contractors and this is your first deal, $10K is nothing.Sorry to burst your bubble.An unscrupulous contractor will burn through your $10K in one day..... literally and you may never see him again.Assuming you have no experience, I would advise you as a starting point to slow down, sit yourself down, and buy J Scott's books for $49.00........and save yourself $9,951.00.Make sure you read them through thoroughly at least once, if not twice before making your first move.There are other good books out there, maybe a good local mentor that you can learn the ropes from and even some good "guru's" that you can learn from despite all the guru bashing on BP but I would definitely start with J's books.Said books are:The Book on Flipping HousesThe Book on Estimating Rehab Costs

Also, there are numerous challenges dealing with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

And some learning on your part. 

We would love to help anyone on Bigger Poekct learn more...

Learned what it takes to start an LLC, learning the basics and how to fill out contracts, finding cash buyers and etc.

I'd like to figure out and understand the easiest way they could do that (and learn for myself for the future when I am in the position to lend to others).