At either of those times you can then rent or flip/retail it and move on to the next one.  

I found a place that I would like to purchase for my family and also learn what it takes to flip the property.

I have another craftsman bungalow that I'm currently flipping that has painted floors.  

Are you looking for cashflow, appreciation, flipping?

My first fix and flip just went under contract last week and is being inspected today. 

What areas do investors in Colorado springs and surrounding areas tend to stay away from? Whether its crime, gangs, war zones, or something else that can effect you reselling. How can I become aware of these areas? ca...

@Chris Stephens I'm sorry I am a bit of a beginner but can you explain what you mean in this equation, I've read about it before in separate posts about wholesaling but never understood it because wouldn't you need to renovate the house which is considered flipping not wholesaling?

The structures are endless.  

I am new to real estate and am curious what is available to use to get started flipping houses.

You could also put your agent powers to work and start finding clients that do fix and flips.