I mean they have so much control.

Keep learning by reading books and using BiggerPockets calculators to analyze deals.

Taking it a step further, do they not do your book keeping as well so they can just do this for you? 

Unfortunately, there are many who take advantage of someone starting out, so what should I keep an eye out for when looking for a private money lender?

Best of luck and please keep us updated here on what you decide to do!

I mean I guess as long its all legal I guess it could work. 

While this is still a good strategy if you can afford it, the next best thing it does is to keep the wolves away.  

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

There might be areas for you to improve, but we all get an investment at some point that doesn't seem to work out.I feel there are several comments saying you might not have done well with inspections, but even if you had a great inspector come out and say the HVAC was great, that doesn't mean a week after I buy the house that it may not die on me.

Hi @Asif Ali Kabiruddin Rajani,What we hear a lot from other Americans is that real estate opportunities tend to cost less here in Europe (especially in countries such as Spain where we are active).A thing to keep in mind though is your tax planning as you will still need to pay taxes based on the US guidelines if I'm not mistaken.