He estimated painting the interior, laying flooring, replacing windows, int and ext doors, replacing a kitchen or a bathroom, etc of a 1500 sq ft home.

I have done everything from framing, roofing, wiring, tiling, to painting, so I think I could do a lot of the work myself.

hmm... a few useful bits of info from what I've learned so far without copying the entire fix and flip page from my website:An ideal place to start looking might be in neighborhoods that are in the 25-35 year old range; basically where houses are outdated but still hopefully in good structural condition.With this kind of unit, you can focus on some of the more basic, value-added repairs such as paint, flooring, landscaping, and other basic finishing touches.

Good tips.

Good tip...

I put $5,000 tile, carpet and paint & paid the first 3 mortg payments.

Plus, every time a tenant moves out you will have to do some painting and maybe carpet.If you put aside the cash reserves and feel good about your numbers, you probably should jump in.

I joined to meet people who do this type of investing and to learn a few tips, exchange ideas and make some friends.

I would love any tips or tricks of the trade of flipping.

Also, it seems to me the market for condo's is slowing down a little, and the rental market is improving a little.So, after all that, anybody have any thoughts, tips, or advice?