@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

Yes, you can use FHA and Conventional program for a primary home if you are buying a "Distressed" property - (Will not pass an inspection) "Subject to">  FHA offers a 203K loan and Fanie Mae offers a Home Style program which has the sole purpose of working with distressed properties. 

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).

Hello,I am new to the forum.I am interested in learning more about real estate ( searching to learn about  investment property[duplex,triplex,quad] how difficult is to manage this types of properties)Also any suggested locations in CA or AZ to look into for investing. 

Lessons learned?

I am very eager to learn about Note Investing and would like to gain some practical experience in the world of Note Investing.