Have you read The Ultimate Beginner’s Guide to Real Estate Investing? 

I am such a beginner I don't even know how to enter titles like that for my site.  

From my perspective, if you are getting a property at a price of 17K that has a ARV of 79K, there must be a lot of work needed (and possibly other factors that make the property non-desirable at the moment).Although you can make a lot of money via fix and flip through problem-solving, I think you will need to disclose more information about the property (address, info on rehab cost, how are you are getting this ARV, etc) before you can get a good answer to your question.I would suggest connecting with a local realtor there for more help, or seek out someone on BP who is active from the area (even a property manager could help) to assist you with sorting this out.I have some experience with fix and flips in my past, and they are absolutely nothing to play with for the beginner unless you have a lot of cash set aside for the unexpected (and there will be unexpected costs) or some experience in a trade where you can offset cash for your labor.Good luck and happy hunting! 

Get some basic education while you build your team in the markets you want to invest in.Welcome to the BiggerPockets Ultimate Beginner's Guide to Real Estate InvestingREAL ESTATE INVESTING BASICSThe Best Real Estate Books for Your Investing BusinessGood luck! 

Private Money is fairly straightforward to obtain - if you are a beginner this is what you will need:Have a deal where you are borrowing max of 65% of value with 10% minimum of your own money into the deal (you also need enough in reserves to make the monthly payment as well as complete the re-hab).

All of the heavy hitters on here and those beginners receiving FREE info and advice should help with the cost of this site.

All her members were beginners too, and didn't even know the basics about real estate.

Im somewhat of a beginner as well.

Attend your local rei and see what beginners classes they have2.

do you want to say success or do you want to say I'm cheap, I'm a beginner and I don't have any experience or knowledge?