Plumbing, electrical, cleanliness, etc.

(Dallas Fort Worth Area) Do y'all think just finding a good deal and flipping it is a good way to start, opposed to wholesaling or other methods?

Am interested in alternative methods to bridge finance between two properties each of which have LTV below 80% 

As to how to find those desperate sellers....well, there are many methods (see Kate's post above for some), you just need to find what works best for you.

I was able to owner finance and my favorite method was low down say a few grand.. and ZERO % interest carry with higher than normal payments but enough that the buyer could break even on cash flow if they managed them themselves...

Did the sponsor receive equity ownership in the property, or did you employ a different method to compensate the sponsor for his/her support in the deal?

@Brie Schmidt has a great method for incentivizing the PM so their goals are aligned with the owner's.

Take the time to learn how plumbing works, how an electrical system works, what components go into a roof etc.  

This would come in handy.Because of the financing we found, we would be doing all work ourselves except for the plumbing, electric and HVAC.

I have used that method several times.